Advanced Features of Online Data Rooms

HomeUncategorizedAdvanced Features of Online Data Rooms

Traditionally when companies need to present their documentation for projects such as an acquisition or IPO, they have been bringing investors in to review the files in a physical data room. This type of transaction can be extremely time-consuming for all parties particularly when there are hundreds or documents to be viewed. This is why more and more companies are choosing to utilize virtual data rooms to display their documentation.

Online data room software allows users to collaborate in real-time on documents and projects. Users can also access their documents on the go using an application. They can also control their rights by granting or limiting specific access levels to documents based on their job. Online data rooms also permit users to add digital watermarks to appear on all documents that are printed, viewed or downloaded.

Data room administrators are able to keep track of who has visited what file, when, and for how long. It can also help prevent data breaches by providing a secure environment for exchange of documents. Redaction is another advanced feature. This tool is useful when you need to erase images, text or even specific parts of a file. Certain VDRs have this capability in different great site formats, including PDF, docx, and txt ppt jpg gif. Another feature is Q&A reporting which allows you to keep track of all questions and answers that you receive during a virtual data room project.


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