Virtual Data Room Features

A virtual dataroom is a platform that allows you to securely store, share and collaborate on documents. Modern VDRs contain a wide range of features that aid in organizing and managing the information you keep. These include drag-and-drop and two-way syncing that allows you to have a room running in minutes. Furthermore, granular permissions for users, control of saving and printing that track all actions, sophisticated questions and answers, and reporting allow for seamless collaboration.

Due diligence is the most popular use of the VDR https://ethiquedesorganisations.fr/technology-due-diligence-checklist-for-ma/ during M&A transactions. The sell-side must scrutinize and provide documentation to the buyer for the transaction. Both parties must perform this in a controlled setting.

Other important features of a data room include:

Document labels. The addition and management of labels enables you to classify files in an well-organized folder structure, making it easier to locate the information you require. Some VDRs also support indexing automatically, which can make the task of organizing thousands of files even quicker.

Search functionality integrated into the. Searching in the VDR will help you find the information quickly. Certain VDRs also come with advanced features, such as an instant scroll-through viewer which makes document viewing faster. Certain VDRs also let you filter documents by metadata or extensions to files.

Customer support. If you’re having questions about a particular feature or a general question regarding how to make use of the data space Choose a service that offers 24/7 support via phone, email or in-app chat. Some providers even have teams to deal with the most complicated customer inquiries and provide expert guidance.