A virtual data room is a vital tool for any business regardless of whether you are a new company or an established one. VDRs can be used to aid in due diligence and collaboration as well as secure storage and file-sharing. They are especially useful when working with sensitive or confidential data.

VDRs are typically employed in M&A transactions but they are also useful to startups looking for capital as well as other corporate actions. A data room allows you to upload confidential revenue projections, IP ownership documentation, and financial records that allow investors to conduct thorough due diligence.

When choosing a virtual storage room, it is important to think about storage capacity and ensure that you choose one that has the features your team needs. A reliable VDR allows you to customize the user interface and provides granular permissions for access based on the roles, folders and documents. Find a solution that comes with watermarks that minimize the risk of theft or mishandling and also allow you delete backup files to control version. Digify’s data rooms are equipped with these and many other sophisticated features. To find out more about our offerings, start with a free trial today.