Virtual data rooms (VDRs) are secure platforms for sharing and storing critical project documents. They are typically employed for due diligence during M&A litigation, lawsuits, patent management, real estate transactions, management of files, and much more.

VDRs protect sensitive information through strict permissions that ensure that nobody can access your files unless you specifically want them to. They also help with regulatory compliance through detailed activity tracking and custom-designed reporting.

When selecting a VDR, look for one with features that support your specific industry and project requirements. Some VDRs, for instance, have features like a “favorites feature that enables users to mark folders and files favorites to make it easier to access. Others have infinite scrolling that greatly reduces the number clicks required for reviewing documents. Some also are dynamic watermarks that display the user’s name and IP address when they download or view a document.

Alongside boosting productivity by using collaboration tools certain VDRs allow users to import data from other software and transfer projects to the platform with their folder structure intact. This is particularly helpful during migrations or when consolidating digital tools into one platform. In addition, some VDRs provide an annual, unlimited-use subscription as opposed to a single use transaction to increase budget predictability and increase ROI.

Digify’s VDR solution is comprehensive and includes the full range of features. Start with a free 30-day trial to see the power of sharing. Contact us to set up a demo of our revolutionary VDR solution designed specifically for your business.

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