The majority of people think of data rooms for due diligence processes during an acquisition or merger, but they’re also used in other business transactions, such as fundraising or https://managerdesks.com/virtual-data-room-conducting-an-audit-process/ initial public offerings (IPOs) and legal proceedings. Whether you’re looking to store, share and collaborate on confidential documents in a secure environment, or speed up due diligence in any kind of business deal, you’ll need to find the right virtual data room management software for your requirements.
One feature worth looking for in a VDR is a robust search tool that can locate any document in mere seconds. It should include a range of filters and features like labels, tags and optical character recognition (OCR). In addition, it should allow users to download an encrypted PDF of any document in a single click.
You should also consider a tool which lets you modify the appearance of a data space and also add a custom watermark that is displayed on each document when it is printed, downloaded or viewed. This way, you can prevent screen captures and other infringements of security and privacy.
A good data space will have tools for managing tasks that allows you to assign external users to read and edit documents. It should provide a complete view of each task as well as its status so you can monitor the progress of your work.
