A virtual dataroom (VDR) software platform allows users to securely save and share confidential documents online. Businesses across https://playdataroom.com/ many industries use it to aid in projects like due diligence, M&A transactions, raising capital, and audits.
The main difference between a VDR and tools like Dropbox and Google Drive is that virtual data rooms prioritize security over sharing capabilities. As a result, they offer features designed to protect business documents from insecure access, including user-based permissions. detailed activity logs, as well as customizable watermarking.
The majority of virtual data rooms feature advanced search filters that permit users to locate documents in seconds. Additionally, they often feature a drag-and-drop upload tool that allows users to upload multiple files in bulk. Many VDRs also permit the creation of custom metadata that can be searched and viewed within the platform.
Another characteristic common to all VDRs is the logical file structure they employ to organize data for easy navigation. They have subfolders and folders numbered to make it easier for users to navigate through the data room. VDRs also often feature tools to enable customization of the overall look and feel of the data room, as in addition to the capability to include company branding, logos, color schemes and a custom NDA. Additionally, many VDRs have a variety of ways to improve collaboration between teams and other stakeholders.