Virtual data rooms (VDRs) are secure platforms for sharing and storing crucial project documentation. They are often used to conduct due diligence during M&A litigation, litigants, patent management, real estate transactions, case management of files, and more.
VDRs are designed to protect sensitive data through strict permissions. This ensures that no one is able to view your files other than you. They also assist with regulatory compliance through detailed activity tracking and customizable reporting.
When selecting the best VDR choose one with features that support your project and industry needs. Certain VDRs, like, have a “favorites feature that enables users to mark folders and files as favorites for faster access. Others offer infinite scrolling which greatly reduces the number clicks needed to review documents. Certain documents over here feature dynamic watermarks that show the IP address and name whenever they open or save documents.
In addition to increasing productivity by using collaboration tools certain VDRs make it simple to import data from other software and transfer projects into the platform with their folder structure intact. This is particularly beneficial during migrations and when consolidating multiple digital tools into one system. Some VDRs also provide an annual subscription for unlimited instead of a one-time transaction. This helps to improve budget predictability and return on investment.
Digify’s VDR solution is a complete solution and comes with many features. Start by signing up for a free trial to feel the power of sharing. Contact us to set up a demo of our innovative VDR solution made with your needs in mind.