Virtual data rooms are secure platforms that let you share and archive important documents related to your project. They are used to perform due diligence in M&A transactions and litigation, real estate transactions, and case file management.

VDRs secure sensitive information with strict permissions, which ensure that no one can access your files unless you wish them to. They also help with compliance with regulations through precise activity tracking and custom-designed reporting.

When selecting a VDR, look for one that has features that fit your project and industry needs. For example some VDRs have a "favorites" feature that lets users mark files and folders as favorites to facilitate access. Some VDRs have infinite scrolling, which reduces the number clicks needed to browse documents. Some are dynamic watermarks that display the user's name and IP address each time they download or view 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 especially useful during migrations and when combining multiple digital tools into a single system. Some VDRs also offer an annual, unlimited-use contract as opposed to a single use transaction, which can increase budget control and boost ROI.

Digify's VDR solution is comprehensive and offers the full range of features. Start with a free 30 day trial to test the potential of sharing. Contact us for an overview of our unique VDR created with your business in mind.