Virtual data rooms (VDRs) are secure platforms to share and store important project documentation. They are used to perform due diligence in M&A transactions, litigation, real property transactions and case file management.

VDRs are designed to safeguard sensitive data through strict permissions. This ensures that no one can access your files unless you. They can also help with regulatory compliance, due to the detailed activity tracking and custom reports.

When selecting the VDR to use, make sure you select one with features that are relevant to your particular project and the industry. Some VDRs, for instance, have features like a “favorites feature that allows users to mark files and folders as favorites to facilitate faster access. Others offer infinite scrolling which greatly reduces the number clicks required to look over documents. Certain documents feature dynamic watermarks which display the IP address of the user as well as their name whenever they open or save the document.

In addition to enhancing productivity by using collaboration tools certain VDRs enable users to import data from other software and transfer projects into the platform with their folder structure intact. This is particularly useful when transferring data or consolidating digital tools into one system. In addition, some VDRs provide an annual, unlimited-use membership as opposed to a single use transaction to increase budget predictability and improve ROI.

Digify’s VDR solution is comprehensive and offers a full list of features. Get started with a free trial to get the benefits of serious sharing. Contact us to schedule a demo of our innovative VDR solution made with your business in mind.

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