What is a Virtual Data Room?

23 Oct What is a Virtual Data Room?

A virtual dataroom (VDR) software platform enables users to securely archive and share confidential documents online. It’s utilized by companies across various industries to assist with projects like due diligence, M&A deals, raising capital and audits.

The primary difference between a VDR and other tools such as Dropbox and Google Drive is that Going Here virtual data rooms focus on security over sharing capabilities. In this regard, they provide various features that are designed specifically to shield business documents from insecure access, including user-based permissions as well as detailed activity logs. customizable watermarking.

Virtual data rooms typically include advanced search filters that enable users to locate documents in seconds. Additionally, they often have a drag-and drop upload tool that lets users upload multiple files at once. Many VDRs permit the addition and viewing of custom metadata.

Another common feature of VDRs is the logical structure of their files that they employ to organize data for easy navigation. They have subfolders and folders numbered to make it easier for users to navigate around the data room. VDRs also often feature tools that allow for customization of the overall look and feel of the data room, as well as the ability to include company branding, logos, color schemes and a custom NDA. A majority of them also offer multiple ways to facilitate collaboration between the various stakeholders and teams.