Virtual Data Room Features

A virtual data room is a secure platform that enables you to organize, share and collaborate on documents. Modern VDRs have a range of features that assist you in managing and organizing the information you store with two-way syncing, as well as drag-and-drop features that get the room running in mere minutes. Furthermore, granular permissions for users, printing and saving settings and tracking of all actions, sophisticated questions and responses, and reporting allow for seamless collaboration.

Due diligence is the most frequent use of a VDR during M&A transactions. The sell-side has to review and provide the buy-side with the documentation of the transaction, and both parties require a space to do so in a controlled space.

Other important features for a data room include

Document labels. The addition and management of labels will allow you to organize files into a folder structure which makes finding the data easier. Some VDRs also support automatic indexing which makes the task of organizing thousands of files even easier.

Search functionality integrated. Using search in a VDR can help you find the information you require and https://ethiquedesorganisations.fr/technology-due-diligence-checklist-for-ma/ certain VDRs offer advanced features, like an instant scroll-through viewer that speed up the viewing of documents. Some VDRs also allow you to filter documents using metadata or file extensions.

Customer support. If you have any questions about specific features or a general inquiry about how to use the data room select a company that provides 24/7 assistance via email, telephone or in-app chat. Some providers have teams that are dedicated to handling the most complex issues and offering expert advice.