10 Ago Top 5 Data Room Features

A virtual data room is a secure platform that gives you a secure repository for the exchange of sensitive documents and data with other parties. It is perfect for due diligence, M&A transactions, raising capital, and much more. Contrary to free file sharing software dedicated VDRs provide powerful tools such as Q&As and document versioning to keep the deal moving along and your data secure.

Make sure that you are in compliance and monitor the activity of all users with robust audit trails. Restrict access to sensitive information depending on roles of users and permissions that can be revoked. Protect against data breaches by creating complete audit trails that demonstrates all user actions so that any discrepancies can be traced back to their source.

Use a smart full-text search feature to quickly locate files in the virtual data room. Organise files using logical folders and tags to make it easy for users to locate specific documents. Use an interface for multilingual users to let users collaborate in the language they are most comfortable with. Answer coordinators simplify collaboration by providing experts with questions and then respond to questions without disclosing personal information. Quickly route questions to expert in question and track their progress using precise analysis.

Protect confidential data using fence view. This feature prevents unauthorised access to documents and images by only showing a tiny portion when the user hovers his or her cursor over them. The rest is hidden behind a watermark that contains discover here the recipient’s email address as well as their IP address to discourage leaks and improve the ability to trace.