A virtual dataroom is an extremely secure platform that allows for the exchange of sensitive documents and information. It is ideal for due diligence, M&A deals, raising capital, and much more. As opposed to free file sharing programs, dedicated VDRs provide powerful tools such as Q&As and document versions to help keep the deal on track and your data secure.
Audit trails are a great method to monitor all user activity and ensure compliance. Restriction of sensitive data access is based on roles of the user, and permissions that are able to be revoked. Avoid data breaches by providing complete audit trails which traces every user’s actions, so that any ambiguities can be traced back to their origin.
Use smart full-text search to quickly locate files in the virtual data room. Sort files by logical folders and tags to ensure that users can easily find specific documents. Use a multilingual interface, which lets users collaborate in their native language. Improve collaboration with answers coordinators that allow experts to send questions and answer them directly without revealing their email address or PII. Directly send questions to right experts and monitor their progress with detailed analysis.
Protect sensitive data with fence view to protect confidential data. This feature blocks unauthorized access to documents or images by only showing a specific portion when the user hovers their cursor over them. The rest is hidden by a watermark, which contains the recipient’s email address as well as their IP address to discourage leaks and improve traceability.