A virtual data room is an ultra-secure platform that provides a safe storage space to share confidential documents and other information with outside parties. It is ideal for due diligence, M&A deals, raising capital, and much more. Contrary to free file sharing software, dedicated VDRs provide powerful tools, such as documents versioning and questions to help you keep the deal moving forward and your data secure.

Audit trails are a powerful method of tracking all user activities and ensure compliance. Restrict access to sensitive data depending on roles of users and permissions that can be revoked. Avoid data breaches by providing complete audit trails which traces every user’s actions so that any differences can be traced back to the source.

Use a smart full-text search feature to find files quickly in the virtual data room. Create folders for files using logical categories and tags to make it easier for users to https://grievance-tracking.com/what-is-the-best-laptop-for-writers/ locate specific documents. Use an interface for multilingual users to let users collaborate in the language they are most comfortable with. Answer coordinators improve collaboration by allowing experts to submit questions and then respond to questions without disclosing personal information. Directly forward questions to the most appropriate experts and track their progress with detailed analysis.

Protect confidential data using fence view. This feature restricts unauthorized access to documents and images by only showing a specific portion when the user moves the cursor over them. The rest is hidden behind a watermark that includes the email address of the recipient and their IP address to discourage leaks and improve the possibility of tracking.