A virtual data room is a highly secure platform that offers a secure storage space to share confidential information and documents with outside parties. It is ideal for due diligence, M&A transactions, raising capital, and much more. Unlike free file-sharing tools, dedicated VDRs provide powerful tools such as Q&A as well as document versioning to will help keep your deal moving forward and your data secure.
Audit trails are a great method to monitor all user activity and ensure compliance. Limit access to sensitive data by role of the user and permissions that are able to be revoked. Data breaches can be avoided with a complete audit that shows the entire user’s actions.
Utilize smart full-text searches to quickly find files in the virtual data room. Sort files into logical folders and tags to make it easier for users to find specific documents. Utilize a multilingual user interface to allow users to collaborate in the language they feel most comfortable with. Answer coordinators facilitate collaboration by providing experts with questions and answer them without divulging their PII. Quickly route questions to expert in question and track their progress with detailed analytics.
Protect confidential data with fence view. This feature blocks unauthorized viewing by only showing a portion of the screen when the user is hovering their cursor over the image or document. The rest is hidden behind a watermark that contains the recipient’s email address as well as their IP address to discourage leaks and increase the traceability of documents.
