Virtual Data Room Features

A virtual dataroom is a software that allows you to securely store, share and collaborate on documents. Modern VDRs provide a variety of features to assist you in managing and organizing the data you store including two-way sync and drag-and-drop features that get a room up and running in a matter of minutes. In addition, specific access privileges Print and save controls, tracking of all actions, sophisticated Q&A and reports ensure seamless collaboration.

The most common use case for a VDR is due diligence during M&A transactions. The sell-side must review and provide the buy-side with documentation for the transaction, and both parties require a facility to do this in a safe environment.

Other important data room features include:

Document labels. Labels can be added and managed to allow you to categorize files into an well-organized folder structure, making it easier to locate the information you need. Certain VDRs also offer automatic indexing which can make the task of organizing thousands of files even easier.

Search functionality integrated into the. Using search in the VDR allows you to quickly locate the information you require and some VDRs offer advanced features, like an instant scroll-through viewer that speed up the viewing of documents. In addition, some VDRs allow users to filter documents based on their metadata or by file extension.

Customer support. If you require help with a particular feature or just general questions regarding the use of the data room, look for a provider that provides 24/7 support through in-app chat, phone and email. Some providers have teams focused on handling the most difficult requests and providing professional advice.

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