A virtual dataroom is a system that allows you to safely store, share and collaborate on documents. Modern VDRs have many features to aid in organizing and managing the information you keep. These include drag-anddrop and two-way syncing that allows you to get a room running in minutes. Furthermore, granular permissions, print and saving controls as well as tracking all actions advanced questions and answers, and reporting make sure that your team is always in sync.

Due diligence is the most commonly used use of a VDR during M&A transactions. The sell-side must scrutinize and document the buy-side for the transaction. Both sides must perform this in a controlled setting.

Other important features of a data room include

Document labels. Labels can be added and managed to allow you to categorize files in an structured folder structure that makes it easier to find the information you need. Certain VDRs support automatic indexing which makes it easier to organize thousands of files faster.

Searching is integrated. Searching inside the VDR can help you locate the information quickly. Certain VDRs also have advanced features, for instance, an instant scroll-through viewer which makes document viewing faster. In addition, some VDRs allow you to filter your files according to their metadata, or by file extension.

Customer support. If you have any questions about specific features or a general question about how to make use of the data space select a company that provides 24/7 support via email, phone and in-app chat. Some companies even have dedicated teams that can handle the most complex customer requests and offer expert guidance.

data synchrony