VDRs became popular quite fast. They make the process of sharing of the information simple and quick. Moreover, this virtual repository provides the ability to create better communication within parties and investors and enhance the teamwork in the business. Electronic data rooms are a protected and structured space where companies can handle a lot projects simultaneously. But while most of the users see only obvious features, virtual data rooms have much more to provide you with. There are some unusual tools that online repositories providers offer their clients. Using them firmscan upgrade their processes even more. So let’s dig in these tools.
Email is a basic app pre-installed on any smartphone or tablet. So it is rather effortless to enter the inbox or send an electronic letter. That’s why we use this service almost all the time. Therefore, it’s only logical for virtual data room providers to offer the “Email In” feature that lets uploading files to the online meeting room directly from the email. This tool allows saving time and eliminates all the hassle from the upload process.
Besides that, this tool simplifies the process of the interaction with a electronic data room for those who are quite bad in technologies. Having the opportunity to use the already familiar technology they won’t decrease the speed of the workflow of the whole team. Uploading the information using this instrument all members of the business will be able to contribute to the flow of the information.
One of the most valuable advantages data rooms have is an exceptional security. And the most important part is that users can be in charge of the security of their uploaded documents. But it is also good to have an opportunity to check if everything is set up accurately. The “View As” tool allows entering the digital data room as if you are some other participant or group of users with a certain amount of access. It helps to be sure that others will see more than they are meant to see and avoid issues related to the data theft.
Q&A on Virtual Data Room
Thisfeatureis perfect for improving the teamwork. It will help solving questions during the business process and making sure all team members are pleased with how the process is going. The Q&A tool absolutely should be used during M&A and other processes that involve numerous discussions on different matters. With this feature, parties can be sure they all are on the same page and no one is missing any details.
Although numerous virtual deal rooms box virtual data room providers see watermarks as one of their best selling points, this instrument normally are unnoticed. It is rather a mistake to not to use this feature. With a watermark, team members can protect their data from leakage and illegal use. If there is any tool in a virtual deal room – you must at least test it. Providers offer a huge variety of instruments to fulfil the needs of every firm. So every client can basically build their own unique virtual data room, using a certain set offeaturesand gain from using online deal room as much as possible.