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Top 5 Data Room Features

A virtual dataroom can be described as a secure platform that permits the exchange of sensitive documents and information. It is ideal for due diligence, M&A transactions, raising capital, and much more. In contrast to free file-sharing tools dedicated VDRs provide powerful tools such as Q&A and document versions that can help you keep your deal moving and your data safe.

Audit trails can be a useful way to track all user activities and ensure compliance. Restriction of sensitive data access depending on roles, and permissions that can be removed. Protect against data breaches by creating complete audit trails that demonstrates all user actions so that any discrepancies can be traced back to the source.

Use smart full-text search to find files quickly in the virtual data room. Create folders for files using logical categories and tags to make it easy for users to find specific documents. Use an interface that is multilingual to let users collaborate in the language they feel most comfortable with. Answer coordinators improve collaboration by allowing experts to submit questions and then respond to questions without disclosing personal information. Send questions directly to the right experts and monitor them with detailed analysis.

Protect confidential data by using fence view. This feature blocks the unauthorised viewing of images or documents by only showing a specific portion when the user hovers his or her cursor over them. The rest is hidden behind a watermark that includes the email address of the recipient and their IP address to prevent leaks and increase the ability to trace.

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