A virtual data room (VDR) is software platform that permits users to share and store confidential documents securely online. Businesses across many industries use it to aid in projects like due diligence, M&A transactions, raising capital and audits.
The main difference between VDR and tools like Dropbox and Google Drive is that virtual data rooms focus on security over sharing capabilities. As such, they offer various features that are designed specifically to protect business documents from unauthorized access including permissions for users, detailed activity logs and watermarking options that can be personalized.
Additionally, the majority of virtual data rooms come with advanced search filters to enable users to find documents in seconds. They also have an upload drag and drop tool, which permits users to upload large numbers of files. Many VDRs permit the insertion and viewing of custom metadata.
The majority of VDRs have a clear and logical structure for files to organize data and make it easier to navigate. Most notably, they typically have subfolders and folders that are numbered so that users are able to navigate the data room’s contents. VDRs often include tools that allow customization of the appearance https://playdataroom.com/best-alternatives-to-box-in-2022/ and feel of the data room, and also the option to add company branding and logos, as well as color schemes and an NDA. A majority of them also offer multiple ways to facilitate collaboration between teams and stakeholders.
