A virtual data room (VDR) is an secure platform that allows users to share documents securely with multiple users simultaneously. Whether your business is involved in M&A, due diligence, litigation, or any other type of project VDRs are a safe method of sharing documents with outside parties and internal teams.
Due diligence in M&A is the most frequent application of the VDR. Merging with or acquiring another business requires sharing large volumes of financial documents that are sensitive and intellectual property. VDRs facilitate the process by providing a collaborative setting complete activity tracking and an audit log.
VDRs also assist businesses in analyzing the potential interest in shared documents which is helpful in fundraising or M&A activities. This insight can help companies improve their pitch decks or negotiations with potential investors and partners. For example for life science companies, VDRs can provide granular details on the length of time prospective buyers spent looking over specific company documents to assess the level of engagement and the types of information that are most valuable to them.
When deciding on the most suitable VDR when choosing a VDR, you must take into consideration a variety of factors that include features sets, cost as well as security features and ease of use. Many VDR providers provide free trials to users to try the product before uploading their data.
Digify’s completely customizable interface and advanced branding options make it simple to tailor your VDR experience to your brand identity. This includes customized login screens, email layouts, and white-labeled URLs. We also allow you to add a configurable About page, and also specify labels for documents.