Important Features Virtual Data Rooms Should Have

Virtual data rooms (VDR) have become highly popular in the past few years. It is adopted by many big companies followed by smaller ones. At this rate, the market for VDRs is expected to grow exponentially shortly.

Every established virtual dataroom is different. While some are created to speed up transactions, others are designed to deal with the high market area.

A VDR provides many different benefits. It eliminates the need to maintain physical papers and filings. If you want the best for your company, you should consider getting a solid data room by docurex.

Below are the features you should look for in a VDR:

  • Security

Companies use virtual data rooms to store sensitive data. Any of that content getting leaked can lead to catastrophic results for the company. Modern VDRs offer multi-level security features to keep your data safe. Some of the security features offered by VDRs are two-factor authentication, strict ID protocol, data encryption, and others.

  • Tracking

Tracking is one of the best features offered by VDRs. It helps you to track the log on and off sessions of your team members. Besides, you will also know which file was viewed, how long a file was viewed, and more. This feature gives you an idea about what your team is working on.

  • Artificial Intelligence

A business deal involves a lot of files and other paperwork. Trying to manage them on your own can be difficult. But with the help of Artificial Intelligence, you can make things easier and quicker. For example, when you want to link a file to a related document, AI can help you find the exact document you are looking for and link it for you.

  • Live Chatting

You cannot be present with your team members at all times. This can make collaboration difficult. But this problem can be solved by the live chatting option as it helps you to send and receive messages in real-time. It also provides a written chain of messages, so you can refer back to it later.

Due to these features, virtual data rooms are adopted by several businesses. It is also proving to be efficient and cost-effective when it comes to promoting your company’s interest.