Virtual data rooms (VDRs) are secure platforms for sharing and storing important project documents. They are used for due diligence in M&A transactions, litigation, real estate transactions, and the management of case files.
VDRs protect sensitive information by granting strict permissions, ensuring nobody can access how to make custom products for boats your files unless you wish them to. They also aid in compliance with regulations, because of the precise activity tracking and reports that can be customized.
When selecting the VDR to use, make sure you select one with features that are relevant to your project and industry. Some VDRs, for instance, have a “favorites feature that enables users to mark folders and files as favorites to make it easier to access. Certain VDRs allow infinite scrolling that reduces the number clicks needed to go through documents. Some also are dynamic watermarks that display the user’s name and IP address every time they download or view documents.
In addition to boosting productivity with collaboration tools, some VDRs make it easy to import data from other tools and transfer projects into the platform keeping their folder structure intact. This is particularly useful for transferring projects or consolidating digital tools into a single system. Some VDRs offer an unlimited annual subscription instead of a one-time transaction. This improves the predictability of budgets and return on investment.
Digify’s VDR solution is comprehensive and offers the full range of features. Start with a no-cost trial to discover the power of serious sharing. Contact us for an opportunity to demonstrate our innovative VDR developed with your business in the mind.