Top 5 Data Room Features

A virtual data room is a highly secure platform that provides a secure storage space to share confidential documents and other information with other parties. It is ideal for due diligence, M&A deals, raising capital and more. As opposed to free file sharing tools, dedicated VDRs provide powerful tools such as Q&A and document versioning that will help keep your deal moving forward and your data secure.

Audit trails are an https://grievance-tracking.com/data-room-features-and-its-solutions/ effective way to track all user activities and ensure compliance. Access to sensitive data is restricted depending on roles, and access rights that can be revoked. Prevent data breaches with complete audit trails that demonstrates all user actions so that any differences can be traced back to their origin.

Use full-text search to quickly find files in the virtual dataroom. Organize files with logical folders and tags to make it easy for users to locate specific documents. Utilize a multilingual interface that lets users collaborate in their native language. It streamlines collaboration by providing answers coordinators that let experts submit questions and reply directly without revealing their email address or PII. Quickly route questions to expert in question and track their progress using detailed analytics.

Secure confidential information with fence view to protect confidential data. This feature blocks unauthorized viewing by only showing a tiny portion of the screen when a user hovers their cursor over the image or document. The rest is hidden behind a watermark that includes the recipient’s email address and IP address to discourage leaks and increase the traceability of documents.