Virtual data rooms are secure, secure platforms that let you share and organize important documents for your project. They are utilized for due diligence in M&A transactions, litigation, real property transactions, and case file management.
VDRs secure sensitive information with strict permissions, ensuring no one is able to access your files unless you wish them to. They can also assist with compliance with regulations through detailed activities tracking and customizable reports.
When choosing the VDR to use, select one that has features that are relevant to your project and industry. Some VDRs, for instance include features like a “favorites feature” that allows users to mark folders and files as favorites to make it easier to access. Some have infinite scrolling, which drastically reduces the number of clicks required to look over documents. Some documents have dynamic watermarks that show the IP address of the user and their name whenever they open or save the document.
Some VDRs not only boost productivity through collaboration tools, but also allow users to import data and projects from other tools into the platform, while keeping their folder structure intact. This is especially beneficial during migrations and when consolidating multiple digital tools into one system. Some VDRs also offer an annual, unlimited-use contract as opposed to a single use transaction, which can increase budget control and increase ROI.
For a complete list of features and more, look up Digify’s full VDR solution. Start by signing up https://kellyhansonmarine.com/custom-products-for-boats-how-to-get-the-best-deals/ for a free trial to experience the power of serious sharing. Contact us to request a demonstration of our revolutionary VDR solution made with your company’s needs in mind.