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Virtual data rooms provide a simple and organized method to share and save sensitive documents required for business transactions. Typically, they are utilized by companies looking to complete an M&A deal, or by life science companies that have intellectual property that requires careful storage and protection.

You can view and access documents using a VDR any location connected to the internet. This removes the need for physical travel and increases due diligence for buyers around the world, increasing the chances of a successful transaction. Secure remote access also enables you to safeguard your data with the most advanced encryption technology and strict access controls. Comprehensive activity tracking and audit trails are important features that allow you to observe who has access to, prints or downloads what files.

VDRs can also provide additional features to help save time including unlimited scrolling or a customizable search box that speeds up document scanning. They are ideal for collaborative projects since they permit multiple users to login simultaneously. You can also control the rights each user is granted with document level access.

Downloading mobile apps allows you to make use of your VDR while on the move. This is ideal for remote work. Modern VDRs also offer a high level of professional customer service with chat, phone and email multilingual support teams assistance centers, as well as videos of their products. Because M&A transactions and other vital processes don’t always follow a 9-5 workday, it’s also essential that your selected VDR has a 24/7 support.