Data Room Features
When companies think of a virtual data rooms, they are thinking of M&A deals policies audits as well as fundraising projects. These projects require real-time collaboration with the transfer of confidential documents among various stakeholders, and the speedy due diligence process. With this in mind, let’s look at some of the most popular data room features:
Q&A modules
During the due diligence phase of the due diligence process https://dataroomdev.org/tackling-security-concerns-in-mergers-and-acquisitions/ of an M&A deal, parties may have questions about specific aspects of the company and its operations. A effective Q&A tool allows both parties to an M&A deal to get answers to those questions in an organized manner, while still keeping confidential information private.
Customization
Some data rooms allow you to modify the platform by incorporating dashboard images and login pages backgrounds. This allows businesses to keep their branding. This customization can help make a professional impression and bring teams together to share the company’s values.
Drag and drop file uploads
Some VDRs are so advanced that you can drag and drop multiple documents into the data room all at once, streamlining your upload process and reducing time. Some provide a “scroll through” feature that makes it simpler for users to navigate through the index of documents. Data rooms generally offer a variety of file formats, including Microsoft Word. This allows users to work with files within the VDR. Some also have optical character recognition, which makes it easier to find text within PDFs as well as other images-based documents.