Virtual Data Room Features

A virtual data room is a safe platform that lets you save, share and collaborate on documents. Modern VDRs provide a variety of features to help you organize and manage the information you store, including two-way syncing and drag-and drop functionality that gets the room running in minutes. Additionally, you can have restricted access privileges as well as print and save control and tracking of all actions, sophisticated reporting and Q&A ensure seamless collaboration.

The most common use case for VDR is when a VDR is due diligence during M&A transactions. The sell-side needs to review and provide the buyer with documentation regarding the transaction, and both parties require a facility to do this in a controlled space.

Other important data room features include

Document labels. Labels can be added and managed to allow you to classify files in an organized folder structure, which makes it easier to find the information you need. Certain VDRs also provide indexing automatically which makes the task of organizing thousands of files quicker.

Searching is integrated. Using search in a VDR will help you quickly find the information you require and certain VDRs offer advanced features, like an instant scroll-through viewer that speeds up document viewing. In addition, some VDRs allow you to filter files based on their metadata or based on their file extension.

Customer support. If you need help with a specific feature or simply have a general question about how to use the data room, look for a company that offers round-the-clock support via in-app chat or by phone. Some companies even have dedicated teams to deal with the most complicated customer inquiries and provide professional advice.






Leave a Reply

Your email address will not be published. Required fields are marked *