Virtual data rooms are secure platforms that allow you to share and archive important documentation for your project. They are frequently used for due diligence during M&A litigation, litigation, patent management, real estate transactions, management of files, and much more.
VDRs safeguard sensitive information with strict permissions, making sure that no one is able to access your files unless you want them to. They also aid in compliance with regulatory requirements, due to the detailed activities tracking and customizable reports.
When choosing the best VDR make sure you choose one that has features that fit your business and needs. For example certain VDRs offer the “favorites” feature that allows users to mark files and folders as favorites to make them easier to access. Some also have infinite scrolling that greatly reduces the number clicks needed to review documents. Some also have dynamic watermarks that show the user’s name and IP address when they view or download documents.
Some VDRs not only boost productivity through collaboration tools, but also make it easy to import projects and data from other platforms into the platform while keeping their folder structure intact. This is particularly useful during migrations or when consolidating digital tools into one platform. Additionally, some VDRs offer an annual, unlimited-use subscription as opposed to a single use transaction to improve budget predictability and boost ROI.
Digify’s VDR solution is comprehensive and offers many features. Start by signing up for a free trial to experience the power of serious sharing. Contact us to schedule an opportunity to demonstrate our innovative VDR developed with your business in mind.