A digital data room is an online file repository that houses confidential documents, files and other information. Digital data rooms are a great option for business transactions, due-diligence and other projects requiring secure storage of documents and sharing.
Mergers and acquisitions, capital raising, tender processes and joint ventures all require the analysis of a lot of confidential information. For big deals that involve tens or even thousands of highly sensitive documents must be analyzed to make the best decision. However, if this information gets shared with the wrong people, it could result in security risks and even legal actions.
A virtual dataroom permits teams to examine documents on their own and simultaneously, eliminating geographical restrictions. They can also share data in a structured fashion and track access via an attendance register. In addition, the majority of providers offer a variety of tools to manage access and prevent leaks and manipulation of documents that are not authorized including watermarks.
Digify provides advanced branding options, which allow you to make custom login screens, backgrounds and email templates for your data room. These options will aid you in creating an elegant, clean appearance that can boost confidence in investors. Analytics is a fantastic tool to utilize, providing details about who has been reading your documents and for the length of time. With this data you can pinpoint potential investors and move forward with your proposal. Start a free trial today and experience the future of digital data rooms for yourself.
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