A virtual data room is a secure platform that offers a secure repository to exchange confidential documents and information with outside parties. It is perfect for due diligence, M&A deals, raising capital, and much more. As opposed to free file sharing tools, dedicated VDRs offer power tools like Q&A as well as document versioning to help you keep your deal on this hyperlink track and keep your data secure.

To ensure compliance, track the activities of all users by establishing robust audit trails. Restriction of sensitive data access dependent on user roles and permissions that can be revoked. Data breaches can be avoided with a complete audit that reveals all user actions.

Use full-text search to efficiently locate files in the virtual dataroom. Create folders for files using logical categories and tags so that users are able to easily locate specific documents. Utilize a multilingual interface that lets users collaborate in their native language. Answer coordinators facilitate collaboration by allowing experts to submit questions and then respond to them without divulging their PII. Directly send questions to right experts and monitor their progress with detailed analytics.

Secure confidential information by using fence view. This feature limits unauthorized viewing by displaying only a small portion of the screen when the user moves their cursor over the image or document. The rest is hidden behind a watermark that contains the recipient’s email address as well as their IP address to prevent leaks and increase traceability.