What is a Virtual Data Room?

A virtual dataroom (VDR) software platform enables users to save and share confidential documents online. It’s used by companies in a variety of sectors to support projects like due diligence, M&A deals, raising capital and audits.

The main difference between a VDR and other tools such www.playdataroom.com/who-are-the-best-virtual-data-room-providers-in-india/ as Dropbox and Google Drive is that virtual data rooms place a premium on security over sharing capabilities. As a result, they offer features designed to protect business documents against insecure access, including user-based permissions. detailed activity logs and custom watermarking.

Virtual data rooms typically include advanced search filters that permit users to find documents in minutes. Additionally, they usually come with a drag-anddrop upload tool that lets users upload multiple files at once. Many VDRs also allow for the insertion of custom metadata that can be searched and examined from within the platform.

Another feature common to most VDRs is the logical file structure that they use to organize data for easy navigation. They typically have folders and subfolders that are numbered to ensure that users are able to easily navigate the data room’s contents. VDRs typically include tools that allow for the customization of the look and feel of a data room, and also the option to include corporate branding and logos as well as color schemes and an NDA. Many also have several ways to facilitate collaboration between teams and stakeholders.