Virtual Data Room Features

A virtual data room is a secure platform that allows you to store, share and collaborate on documents. Modern VDRs come with a variety of features to aid in organizing and managing the information you keep. These include drag-and drop and two-way syncing that allows you to have the room up and running in just a few minutes. Additionally, you can have restricted access privileges as well as print and save control and tracking of all actions, advanced Q&A and reporting allow for seamless collaboration.

The most frequent use for the use of a VDR is due diligence during M&A transactions. The sell-side must review and provide the buyer with documentation regarding the transaction, and both parties require a location to do that in a safe environment.

Other important data room features include

Document labels. Adding and managing labels will enable you to organize your files into folders that makes finding the information easier. Certain VDRs also have indexing automatically, which can make the task of organizing thousands of files easier.

Search functionality integrated. Searching within a VDR will help you find the information quickly. Some VDRs also come with advanced features, such as an instant scroll-through viewer that can speed up the process of viewing documents. Certain VDRs also let you filter documents based on metadata or extensions for files.

Customer support. If you’re having questions about a particular feature or a general question regarding how to use the data room Choose a service that provides 24/7 support via email, phone or chat in-app. Some providers even have teams to take care of the most complicated customer inquiries and provide professional advice.