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Virtual data rooms (VDRs) are secure platforms for sharing and storing critical documents for projects. They are frequently utilized for due diligence in M&A, litigation, patent management, real estate transactions, case management of files, and more.
VDRs protect sensitive information through strict permissions, making sure that no one will see your files unless you wish them to. They also help with compliance with regulations through precise monitoring of activity and customizing reports.
When selecting a VDR to use, choose one with features that are relevant to your particular project and the industry you work in. Some VDRs, for example include the “favorites’ feature that allows users to mark files and folders favorites to make it easier to access. Others have infinite scrolling that drastically reduces the number of clicks required to look over documents. Additionally, some of them have dynamic watermarks that show the user’s name and IP address when they open or download the document.
Some VDRs not only boost productivity through collaboration tools, they also allow users to import projects and data from other tools into the platform, while keeping their folder structure intact. This is especially useful when transferring data or consolidating digital tools into one system. In addition, some VDRs provide an annual, unlimited-use subscription as opposed to a single-use transaction to help increase budget predictability and improve ROI.
Digify’s VDR solution is a complete solution and comes with an extensive list of features. Begin with a 30-day free trial to test the potential of sharing. Contact us today to arrange a demonstration of our innovative VDR developed with your business in mind.