Top Features of Virtual Data Rooms

If external parties require access to confidential data, a virtual data room is a wonderful option to share files without risk of breaching compliancy. For auditors, lawyer, or investor who is reviewing documents virtual data rooms permit secure document sharing. There are a few key features to consider when choosing the best VDR to meet your needs.

Simple to use

The best virtual data room has a user-friendly, efficient interface that helps simplify and streamline day-to-day tasks. Drag-and-drop, bulk actions, and customizable dashboards make it easier to Innovative Document Management: Future of Secure Sharing & Collaboration complete the essential tasks. Mobile optimization and user interfaces based on roles ensure that users only see the tools they need.

Security

When selecting a virtual room pick a provider who has industry-leading security measures in place to safeguard sensitive corporate information. These include document encryption, two-factor authentication and dynamic watermarking to stop the unauthorised viewing. Advanced audit trails keep track of who accessed what.

Real-time Collaboration

The most advanced virtual data rooms allow simultaneous review and annotation for multiple authorized users. This allows for faster turnaround of documents and more efficient collaboration. The ability to highlight and mark up text in real time makes it easier to review documents. This leads to a quicker due diligence process and a more efficient merger or acquisition processes.

A reliable VDR also has a robust search capabilities that can quickly locate and displays relevant information required for due diligence. Intelligent analytics and reporting make the process more efficient.