Virtual Data Room Features
A virtual dataroom is a platform which allows you to securely store, share and collaborate on documents. Modern VDRs have many features to assist you in managing and organizing the data you keep. These include drag-and drop and two-way syncing that allows you to get your room up and running within minutes. In addition, restricted access privileges as well as print and save control and tracking of all actions, and sophisticated reporting and Q&A ensure seamless collaboration.
The most common use case for a VDR is due diligence during M&A transactions. The sell-side must review and provide the buy-side with documentation for the transaction, and both sides require a location to do that in a safe environment.
Other important data room features include:
Document labels. Labels can be added and managed to enable you to organize your files into folders which makes finding the data easier. Certain VDRs support automatic indexing which makes it easier to organize thousands of files faster.
Searching is integrated. Searching within a VDR will help you find the information quickly. Certain VDRs also have advanced features, for instance, an instant scroll-through viewer that can speed up the process of viewing documents. In addition, some VDRs allow users to filter documents based on their metadata or based on their file extension.
Customer support. If you require help https://ethiquedesorganisations.fr/technology-due-diligence-checklist-for-ma/ regarding a specific feature, or just general questions about using the data room, look for a provider that offers 24/7 support through in-app chat, phone and email. Some companies even have dedicated teams to handle the most difficult customer queries and offer expert advice.