A virtual data room (VDR) is an extremely secure platform that allows you to share files securely with multiple users at the same time. If your company is involved in M&A or due diligence litigation, or other projects VDRs offer a secure way to collaborate on documents with other parties as well as internal teams.
Due diligence in M&A is the most common use of the VDR. When merging or buying an enterprise, it is necessary to share large volumes of sensitive intellectual property as well as financial documents. VDRs make the process smooth by providing a collaborative environment that tracks activities in detail and an audit log.
VDRs can also assist businesses in analyzing the importance of shared documents, which is beneficial during fundraising or M&A activities. This data can help businesses tailor their pitch decks, or negotiate with potential partners and investors. VDRs can, for instance can provide specific information on how long buyers stayed on particular documents. This information is helpful to determine their level of engagement, as well as the information they value the most.
When selecting the best VDR when choosing a VDR, you must look at a variety factors including feature sets, price, security implementations, and the ease of use. Many VDR providers provide free trials for customers to test their product prior to uploading their data.
Digify offers a fully customizable visual interface and advanced branding options that allows you to easily match the VDR experience with your brand identity. This includes custom login pages, email layouts and white-labeled hyperlinks. You can also create an About page that you can customize and set the labeling of documents.