Choosing the Features of a Virtual Data Room

A virtual dataroom can be a valuable tool for securely sharing sensitive data with third parties. This software is helpful for companies that need to share sensitive documents with an outside party, collaborate with them or do due diligence.

A VDR can be accessed on any device that has an Internet connection. It allows users to work on documents in a secure, cloud-based environment. It’s an excellent tool for M&A audits, litigation and more.

When selecting the right VDR you should think about the features that are most relevant to your project. For example, most VDRs allow for one-click data generation as well as drag and drop capabilities and granular access privileges to ensure that documents can only be viewable by authorized parties. Some VDRs have Q&A features that allow users to ask questions and receive prompt answers from experts.

It’s also important to consider the security of a VDR, with many offering several layers of security. This includes the fenced view, which only displays a small portion of the file when viewed on a computer, and the use of a watermark to protect against screen shots from being taken.

Look for a vendor who provides 24/7 support via multiple channels. This is crucial so that you will receive assistance quickly when you require it. This feature will not only assist with issues but also provide useful tips and suggestions for making the platform more efficient.