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Virtual data rooms are secure platforms that let you share and archive important documents for your project. They are typically utilized for due diligence in 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 nobody can access your files unless you want them to. They can also assist in compliance with regulations because of the precise activity tracking and customizable reports.
When choosing the right VDR choose one with features that support your industry and project needs. Some VDRs, such as, have 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 significantly reduces the number clicks needed to review documents. Some also have dynamic watermarks which display the user’s name and IP address every time they open or download documents.
In addition to boosting productivity with collaboration tools, some VDRs make it easy to import data from other tools and then transfer projects to the platform with their folder structure intact. This is particularly useful for transferring projects or consolidating digital tools into a single system. Additionally, some VDRs offer an annual, unlimited-use subscription contrasted to a single-use transaction to improve budget predictability and boost ROI.
For a complete list of features and more, check out Digify’s complete VDR solution. Start with a no-cost trial to feel the power of sharing. Contact us to arrange an introduction to our revolutionary VDR designed with your business in mind.
