Due Diligence Virtual data room is an online platform that lets you share and secure sensitive documents during audits and business transactions. It is simple to use for non-technical users with intuitive functionality and top-quality security. It’s a great option for businesses that want to simplify the due diligence process and eliminate the necessity for physical documents.
Due Diligence Virtual Data Room has an array of security levels and 256-bit AES encrypted files, the most secure encryption available. The data is encrypted including file descriptions as well as names to ensure that they can’t be read even if they’re printed or downloaded. This ensures that all parties involved in a transaction can work effectively and safely without having to worry about confidential information falling into the wrong hands.
The powerful search function and smart filters allow you to quickly locate documents using keywords metadata, keywords, or any other criteria. This can reduce the time needed to go through large document sets. Access permissions can be assigned in accordance with roles and the responsibilities, simplifying due diligence procedures. It is recommended that permissions be constantly updated based on the development of a project.
Tracking features keep a log of every action taken by users of the data room, including switching off and on and viewing pages, among others. The results are displayed on an attractive “heatmap” which allows administrators to monitor their progress. This can help businesses increase their efficiency and productivity, resulting in better outcomes.