Virtual data rooms (VDRs) are secure platforms for sharing and storing important documents for projects. They are used to ensure due diligence in M&A transactions, litigation, real property transactions and case file management.
VDRs are designed to protect sensitive information by restricting access to it. This ensures that no one is able to view your files other than you. They can also help with regulatory compliance, through detailed activity tracking and reports that can be customized.
When choosing a VDR, look for one that has features that fit your specific industry and project requirements. Some VDRs, for example, have a “favorites feature that allows users to mark files and folders as favorites to make it easier to access. Others have infinite scrolling that greatly reduces the number clicks required to review documents. Some also have dynamic watermarks that display the user’s name and IP address every time they open or download documents.
In addition to boosting productivity by utilizing collaboration tools, certain VDRs allow users to import data from other tools and then transfer projects to the platform while keeping their folder structure intact. This is particularly helpful for transferring projects or consolidating digital tools into one platform. Some VDRs also offer an annual, unlimited-use subscription how to make custom products for boats as opposed to a single use transaction to increase budget predictability and increase ROI.
Digify’s VDR solution is extensive and provides many features. Start with a no-cost 30-day trial to test the power of sharing. Contact us to schedule an overview of our unique VDR designed with your business in mind.