Virtual data rooms have become a staple for organizations that require secure document sharing with third party. VDR users from a broad variety of industries, including M&A, banking, law and healthcare, rely on these services to share confidential documents outside their firewalls to clients, regulators, customers and others. VDRs let users control the information shared with whom and for how long it is shared, and provide detailed activity reporting which allows them to track who has viewed, downloaded and edited specific documents and files.
FirmRoom is the most user-friendly VDR in the world. It offers smart redaction, which automatically highlights and erases text, images or sections of documents, without altering the original content. Additionally, the platform provides multiple levels of access, from view only to editing with the ability to customize these settings for every individual user or group of users.
Other VDR innovations, such as endless scrolling and keyword search capabilities accelerate due diligence. Utilizing these tools, users can reduce time by focussing on the most important and relevant documents and files. Users benefit from a variety of indexing and tagging tools when working with complicated documents.
When it comes to immovable property M&A, VDRs can be incredibly useful in helping with due diligence and closing deals. This is because being able access and review documents via an mobile device on the go is crucial for this type of business.
