https://www.thedataroom.online/corporate-valuation-a-guide-for-managers-and-investors

The virtual data room (VDR) is a secure platform for document sharing in a variety of business scenarios. The VDR is a powerful tool for sharing documents in any circumstance such as due diligence or an IPO or reorganization. The top VDR providers offer professional customer service via a variety of channels including live chat on the app and on the phone. Additionally, a lot of these solutions offer multiple languages as well as training videos.

The most common application of digital datarooms is due diligence in M&A transactions. In this stage the sell-side has to communicate all relevant documents to prospective investors, but also ensure that sensitive information stays confidential. The VDR ensures that only individuals can access the documents they require to carry out their tasks. This is achieved by granting access rights in granular fashion to specific folders and files.

The logical file structure and easy navigation makes it easy to locate the information you need. To further enhance user experience, some VDRs allow users to design a custom data room theme and incorporate company logos onto their dashboards.

Another great feature of digital data rooms is that they can be accessed on any device, as long as it has internet connectivity and a current web browser. This flexibility facilitates communication between boards of directors and leads to faster decision-making as well as a more efficient workflow. Finally digital data rooms give an audit trail of all actions, from the moment the file is first viewed to which IP address it was opened from.