The majority of people think of data rooms for due diligence processes during the process of a merger or acquisition but they’re also used for other business transactions such as fundraising, initial public offerings (IPOs) and legal procedures. When you’re looking to archive documents, share and collaborate on confidential documents in a safe environment or expedite due diligence for any type of business transaction, you need to choose the right virtual data room management program to suit your needs.
One feature worth looking for in the VDR is a robust search tool that can find any document in mere seconds. It should come with a variety of filters and features, including labels, tags and optical character recognition (OCR). It should also permit you to download a PDF encrypted of any document in just one click.
Find a tool that allows you to modify the look and feel of the data room and create a custom logo that is displayed on every document when it is viewed, printed or downloaded. You can prevent screenshotting, as well as other breaches of privacy and security.
A good data space will include tools for managing tasks that allows you to designate external users to read and edit documents. It should give you a complete view of each task and managerdesks.com/ its status to track the progress of your work.
