Virtual Data Room Features

A virtual dataroom (VDR) is a platform that allows you to safely store, share and collaborate on documents. Modern VDRs have a range of features that assist you in managing and organizing the information you store including two-way sync and drag-and-drop features that get the room up and running in minutes. Additionally, you can have the ability to grant access rights, print and save controls, tracking of all actions, advanced Q&A and reporting ensure seamless collaboration.

Due diligence is the most commonly used use of the VDR during M&A transactions. The sell-side must review and document the buy-side for the transaction. Both parties need to perform this in a controlled setting.

Other important features for a data synchrony data room include

Document labels. Adding and managing labels will allow you to organize files into folders which makes finding the information easier. Certain VDRs also have indexing automatically which makes the task of organizing thousands of files even easier.

Search functionality integrated into the. Using search in the VDR helps you quickly find the information you need, and some VDRs include advanced features such as an instant scroll-through viewer that speed up the viewing of documents. Some VDRs also allow you to filter documents by metadata or extensions of files.

Customer support. If you have questions about a particular feature or a general query about how to utilize the data room, choose a provider who provides 24/7 assistance via email, telephone and in-app chat. Some providers have teams dedicated to handling the most complicated requests and providing professional advice.