If you’re a start-up or an established enterprise, a virtual data room (VDR) is an important element of your toolkit. VDRs can be utilized for due diligence and collaboration as well as secure storage and file-sharing. They are especially useful when working with sensitive information.
VDRs are commonly utilized in M&A transactions. However they can be very beneficial for startups as well as other corporate activities. A data room allows you to upload confidential revenue projections, IP ownership documentation, and financial records that enable investors to conduct thorough due diligence.
When selecting a virtual dataroom, it is important to consider the capacity of storage. Also, make sure that you choose a platform with features that your team will need. Additionally, a quality VDR will let you alter the user interface and grant access rights based on role, document and level of the folder. Lastly, look for an option that includes watermarks to decrease the risk of theft or mishandling, and enable version control. Digify’s virtual data rooms offer these and other advanced features. Start a trial free of charge to learn more about Digify’s service.