A virtual data room makes M&A due diligence more efficient and secure by giving full control over confidential data. With the help of granular permissions, administrators can manage printing, viewing, secure PDF downloading and editing files on an individual level and within folders. Users can concentrate on their job at hand without worrying about who can access or share sensitive files.
In the past, those involved in due diligence or legal proceedings would visit a physical location to look through piles of documents, slowing down the process and posing the risk of accidental disclosure. Users can view documents remotely and debate them in real time using a virtual dataroom.
A virtual data room that is advanced allows users to ask questions and receive answers quickly, facilitating collaboration with third party. The software will automatically send questions to the correct person and track who responded and at what time. This creates a transparent audit trail that ensures all questions have been addressed.
You can easily locate any document you want to look up in the data room, even if it was uploaded in an unstructured way. This is especially important when a lot of documents needs to be reviewed. By using smart indexing functions which allow you to search for the title of the document, a keyword or even the text content of a webpage to find results in just a few seconds.
It is simple and easy to remove sensitive data from a document with the redaction feature. This lets you remove sensitive information without the necessity to scroll through a file or search for keywords. Utilizing sophisticated algorithms, this tool will also help you avoid missing any sensitive information, which could lead to a major issue.
