A virtual dataroom (VDR) offers a secure platform to share documents with multiple users simultaneously. VDRs can be used to securely collaborate with external or internal teams working on documents, whether your company is involved in M&As due diligence and litigation, or any other project.

The most popular use case for a VDR is M&A due diligence. Merging with or buying another company requires sharing of large amounts of sensitive financial documents and intellectual property. VDRs aid in the process by offering a collaborative space with detailed activity tracking and an audit log.

VDRs can be used to evaluate the content of documents shared which can be useful during fundraising or M&A. This information can be used to help businesses customize their pitch decks and negotiations with potential investors and partners. VDRs can, for instance they can provide details about the time buyers spent on particular documents. This information can be helpful in assessing their level of engagement, as well as the information they are most interested in.

When selecting the best VDR for your needs, you should look at a variety factors that include features sets, price security, features, and the ease of use. Many VDR providers offer free trials to users to test their product prior to uploading their data.

Digify provides a completely customizable visual interface and advanced branding options that allows you to easily match the VDR experience with your brand identity. This includes custom login screens, email layouts and white-labeled URLs. We virtual data rooms also allow you to create a customizable About page, and also specify labels for documents.