A virtual dataroom (VDR) offers a secure platform for sharing files with multiple users simultaneously. VDRs can be used to collaborate securely with external parties or internal teams working on documents, whether your business is involved in M&As due diligence litigation, or other projects.

The most commonly used use for VDR VDR is M&A due diligence. Merging with or buying another business involves sharing volumes of financial documents that are sensitive and intellectual property. VDRs help make the process easier by providing a collaborative space that tracks activities in detail and an audit log.

VDRs can also be used to analyse the level of interest in documents shared which is useful during fundraising or M&A. This information can be used to assist companies tailor their pitch decks as well as negotiate with potential partners and investors. VDRs, for example can provide specific information on how long buyers stayed on particular documents. This data can be useful in gauging their level of engagement, and what information they are most interested in.

When selecting the best VDR when choosing a VDR, you must be aware of a variety of aspects that include features sets, cost, security implementations, and ease of usage. Many VDR providers provide trial versions for customers to test their product prior to uploading their data.

Digify offers a fully customizable visual interface as well as advanced branding options that allows you to easily match the VDR experience with your brand identity. This includes custom login pages, email layouts, and white-labeled hyperlinks. You can also create an easily-customized About page and define the document labels.

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