A virtual data room is a safe platform that allows you to store, share and collaborate on documents. Modern VDRs contain a wide range of features that help you organize and manage the data you store. These include drag-and-drop and two-way sync, which allows you to have your room up and running within minutes. In addition, specific access privileges, print and save controls, tracking of all actions, and sophisticated Q&A and reports ensure seamless collaboration.

Due diligence is the most common application of a VDR during M&A transactions. The sell-side must review and provide the buy-side with the necessary documentation for the transaction, and both sides need a place to do it in a controlled setting.

Other important data room features include:

Document labels. Labels can be added and managed to allow you to categorize files into an organized folder structure that makes it easier to find the information you require. Certain VDRs also offer automatic indexing, which can make the task of organizing thousands of files even faster.

Searching is integrated. Searching within a VDR will help you find the information quickly. Certain VDRs also have advanced features, such as the ability to instantly scroll through a viewer, which can speed up the process of viewing documents. Certain VDRs also allow you to filter documents https://ethiquedesorganisations.fr/technology-due-diligence-checklist-for-ma/ based on metadata or extensions to files.

Customer support. If you need help regarding a specific feature, or just have general questions about how to use a data room, search for a company that offers 24/7 support via in-app chat telephone, email and in-app chat. Some providers even have teams to take care of the most complex customer requests and offer professional guidance.