If you’re planning an IPO or contemplating an M&A or planning to sell it is important to know how a virtual data room functions. VDRs play an important role in deal-making processes and offer security as well as usability and accessibility that traditional collaboration tools are unable to match.

The VDR allows companies to securely share dataroom360.com large volumes of documents in a safe environment with potential investors, buyers and partners. Administrators can control access and capabilities for each user using granular permissions. You can restrict the ability to download, print and change the name of documents. You can also monitor user activity down to the page level and keep an audit trail that is thorough.

You can upload existing documents into the VDR from storage platforms such as Google Drive, One drive and Dropbox. This can save time and ensures that all relevant information is available to the due diligence process. This can help to avoid redundancies and omissions during the process. Digify’s VDR offers a secure easy method to hold Q&A sessions during due diligence. This allows for any questions to be addressed quickly and efficiently which speeds up the transaction.

When inviting outside users to look over the VDR it is essential to consider their needs and how they would prefer to work with the documentation. Some users may require full access to all documents, while others will require a more limited access. For instance, a lawyer may require access to corporate records of the company however investors might only need to look over financial statements, business plans as well as other documents relating to the investment.