What Are Virtual Data Rooms?

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Virtual data rooms are secure platforms that let you share and store important project documentation. They are often used to conduct due diligence during M&A, litigation, patent management, real estate transactions, case management of files, and more.

VDRs safeguard sensitive information with strict permissions, ensuring no one can access your files unless you specifically want them to. They also help with compliance with the law through thorough activity tracking and customizable reports.

When choosing the best VDR make sure you choose one that has features that fit your specific industry and project requirements. Some VDRs, for example include the « favorites feature that allows users to mark files and folders favorites to make it easier to access. Some have infinite scrolling, which significantly reduces the number of clicks required to review documents. Some also have dynamic watermarks that show the user’s name and IP address when they view or download a document.

Some VDRs not only boost productivity by incorporating collaboration tools, they also allow users to import data and projects from other platforms to the platform while keeping their folder structure intact. This is particularly beneficial during migrations and when consolidating multiple digital tools into a single system. Some VDRs also offer an annual subscription that is unlimited in lieu of a one-time transaction. This improves budget predictability and return on investment.

For an exhaustive list of features and more, look up Digify’s complete VDR solution. Begin with a 30-day free trial to see the benefits of sharing. Contact us to schedule an overview of our unique VDR designed with your company in the mind.