Data Room Features

https://dataroomdev.org/tackling-security-concerns-in-mergers-and-acquisitions/

When companies think about a virtual dataroom, they typically think of longer-term projects such as M&A and policy audits and fundraising. These projects require real-time collaboration as well as the transfer of confidential documents among different stakeholders, as well as the speedy due diligence process. With this in mind, let’s look at some of the most commonly used data room features:

Q&A modules

During the due diligence process of the due diligence process in an M&A deal, parties may have questions about particular aspects of the business and its operations. A good Q&A tool allows both parties to the deal to ask questions and receive answers to those questions in a structured manner, while still keeping confidential information private.

Customization

Certain data rooms allow users to personalize your platform with dashboard images and login page backgrounds, which allows companies to keep their branding intact. This is an important aspect of creating a an impressive first impression and uniting teams to the corporate culture.

Drag and drop file uploads

Some VDRs are advanced enough that you can drag and drop multiple documents into the data room at once, speeding up your upload process and saving a lot time. Some VDRs offer a “scroll-through” feature that lets users navigate through the index of documents. Many data rooms also offer a variety of file formats, including Microsoft Word. This allows users to work with files in the VDR. Some also have optical character recognition, making it easier to find text within PDFs as well as other documents based on images.