A virtual dataroom is an extremely secure system that allows the exchange of confidential documents and data. It is ideal for due diligence, M&A deals, raising capital and more. Unlike free file sharing tools, dedicated VDRs provide powerful tools like Q&As and document versioning to help keep the deal moving along and your data secure.
Audit trails are an effective way to track user activities and ensure compliance. Limit access to sensitive data depending on roles of users and permissions that are able to be revoked. Protect against data breaches by creating an audit trail which traces every user’s actions so that any differences can be traced back to their source.
Use smart discover here full-text search to locate files quickly within the virtual data room. Sort files into logical folders and tags to make it easier for users to locate specific documents. Use a multilingual interface, which allows users to collaborate in their native language. Answer coordinators simplify collaboration by allowing experts to submit questions, and then answer questions without disclosing personal information. Immediately route questions to the appropriate experts and track their progress with detailed analytics.
Protect sensitive data by using fence view. This feature blocks unauthorized viewing by only showing a portion of the screen when the user hovers their mouse over the image or document. The rest is hidden behind a watermark that includes the email address of the recipient and their IP address to prevent leaks and improve the traceability of documents.