A digital data room is an online file repository which stores confidential documents, files and other data. Digital data rooms can be used for business transactions, due-diligence and other projects requiring secure document storage and sharing.
All of these processes require the examination of a large amount confidential information. For major deals, this could be tens of thousands of sensitive documents that need to be scrutinized by the right people to make the right decision. If this information is not shared correctly it could lead to security risks, and even legal action.
A virtual data room allows multiple teams to review documents simultaneously and independently and it eliminates geographical limitations. They can also share data in a structured manner and what are digital data room and their difference monitor access using an attendance register. In addition, most providers provide a range of features to control access and stop leaks and document manipulation that is not authorized, such as watermarks.
Digify offers advanced branding features which allow you to design an individual login screen background, email layouts, and backgrounds for your data room. These options are perfect to create a clean, professional look that will help you gain trust from investors. The analytics feature of our website is another excellent tool to use, providing details about who has read your documents and for how long. With this data you can pinpoint potential investors and move forward with your deal. Start a free trial of 30 days today to experience the future of digital rooms.