https://ethiquedesorganisations.fr/technology-due-diligence-checklist-for-ma/

A virtual dataroom is a system that lets you securely store, share, and collaborate on documents. Modern VDRs include a range of features to aid in organizing and managing the information you keep. These include drag-and-drop and two-way syncing that allows you to get an area up and running in a matter of minutes. Additionally, you can have the ability to grant access rights, print and save controls as well as tracking of all actions, sophisticated reporting and Q&A ensure seamless collaboration.

The most commonly used use case for the use of a VDR is due diligence in M&A transactions. The sell-side must review and provide the buy-side with documentation regarding the transaction, and both parties require a space to do it in a safe environment.

Other important data room features include:

Document labels. Adding and managing labels allows you to categorize files in an organized folder structure that makes it easier to find the information you need. Certain VDRs also offer indexing automatically which makes the task of organizing thousands of files even quicker.

Search functionality integrated. Utilizing search within a VDR helps you quickly find the information you require and some VDRs come with advanced features, such as an instant scroll-through viewer that speed up the viewing of documents. In addition, some VDRs allow you to filter your files by metadata or based on their file extension.

Customer support. If you’re having questions about a particular feature or a general question regarding how to utilize the data room select a company that offers 24/7 support via email, phone, and in-app chat. Some providers even have teams to take care of the most complex customer requests and provide professional advice.