A virtual dataroom (VDR) provides a secure platform to share documents with multiple users simultaneously. VDRs can be used to securely collaborate with external parties or internal teams working on documents, whether your company is involved in M&As, due diligence or litigation, among other things.
Due diligence in M&A is the most popular application of VDR. VDR. When merging or buying businesses, it is essential to share large amounts of confidential intellectual property and financial documents. VDRs aid in the process by offering a collaborative space as well as detailed activity tracking and an audit log.
VDRs can also be used to analyse the level of interest in documents shared, which is helpful during fundraising or M&A. This data can help companies tailor their pitch decks and negotiate with potential partners and investors. For example for life science companies, VDRs can provide granular details on the length of time potential buyers spent reviewing specific company documents to assess the how much they are engaged and the kind of information that is most valuable to them.
When deciding on the best VDR for your needs, you should be aware of a variety of aspects like feature sets, price as well as security features and ease of use. Many VDR providers offer free trials that allow customers to test their product prior to uploading their data.
Digify’s fully customizable interface and advanced branding options allow you to tailor your VDR experience to your brand’s identity. This includes custom login pages, email layouts, and white-labeled links. We also allow you to include a configurable About page and specify document labels.