A virtual data room (VDR) is an encrypted platform that allows you to share files securely with multiple users at the same time. Whether your business is involved in M&A, due diligence, litigation, or other tasks VDRs are a safe way to share documents with outside parties and internal teams.
The most frequent use for VDR VDR is M&A due diligence. Merging with or buying another business requires sharing large volumes of sensitive financial documentation and intellectual property. VDRs help in this process by offering a collaborative space with detailed activity tracking and an audit log.
VDRs can also be used to analyse the level of interest in documents shared that are useful in fundraising or M&A. This information can help companies tailor their pitch decks or negotiations with potential investors and partners. VDRs can, for instance can provide specific information about how long buyers have spent on specific documents. This information is helpful in assessing their level of engagement, as well as the information they find most valuable.
The best VDR involves examining a range of essential factors that include feature sets, costs, security options and user-friendliness. Many VDR providers provide trial versions for customers to test their product prior to uploading their data.
Digify offers a fully customizable visual interface as well as advanced branding options, which allows you to easily align the VDR experience with your brand identity. This includes custom login screens, email layouts and white-labeled URLs. We also allow you to include a configurable About page and define document labels.