Virtual data rooms (VDRs) are secure platforms to share and store important project documentation. They are frequently used for due diligence during M&A litigation, lawsuits, patent management real estate transactions, file management, and many more.
VDRs secure sensitive information with strict permissions that ensure that no one is able to access your files unless you wish them to. They also aid in regulatory compliance, because of the precise activities tracking and customizable reports.
When selecting when choosing a VDR be sure to choose one that is compatible with your specific industry and project requirements. For example some VDRs have a “favorites” feature that lets users mark folders and files as favorites for quicker access. Certain VDRs allow infinite scrolling, which decreases the number of clicks required to go through documents. Some documents have dynamic watermarks, which display the IP address of the user as well as their name whenever they open or save documents.
In addition to increasing productivity with collaboration tools, certain VDRs enable users to import data from other software and transfer projects into the platform keeping their folder structure intact. This is particularly beneficial during migrations and when consolidating multiple digital tools into one system. Some VDRs also provide an annual subscription with unlimited usage instead of a single transaction. This can help improve the predictability of budgets and ROI.
Digify’s VDR solution is comprehensive and offers many features. Start with a free 30 day trial to test the benefits of sharing. Contact us for an opportunity to demonstrate our innovative VDR designed with your company in the mind.
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