A virtual dataroom (VDR) software platform enables users to securely store and share confidential documents online. Companies across many industries utilize it to support projects like due diligence, M&A transactions, raising capital, and audits.

The major difference between a VDR and other tools such as Dropbox and Google Drive is that virtual data rooms focus on security over sharing capabilities. As a result, they provide features to guard documents from insecure access, including user-based permissions. detailed activity logs, and customizable watermarking.

Virtual data rooms typically feature advanced search filters that allow users to locate documents in minutes. They also have the drag-and-drop upload tool, which allows users to upload a large number of files. Many VDRs also allow for the upload of custom metadata that can be https://playdataroom.com/craft-a-successful-ma-journey-with-the-insights-from-the-best-data-rooms/ searched and viewed from within the platform.

Another characteristic common to all VDRs is the logical file structure that they use to organize data to make it easy to navigate. They have folders and subfolders that are numbered to make it easier for users to navigate the room. VDRs often include tools that allow for the customization of the look and feel of the data room, as well as the option to include corporate branding and logos and colors schemes and an NDA. In addition, the majority of them have a variety of ways to facilitate collaboration among teams and stakeholders.