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When companies think about the idea of a virtual dataroom they often think of long-term projects like M&A policies, policy audits and fundraising. These projects require real-time collaboration as well as the exchange of confidential documents between various stakeholders, and an immediate due diligence process. With this in mind, let’s take a look at some of the most popular data room features:

Q&A modules

During an M&A transaction, parties will often have questions regarding certain aspects of the business and its operations. A well-designed Q&A software will allow both sides to ask questions and get answers in a structured way while keeping confidential information secret.

Customization

Some data rooms allow you to personalize the platform with dashboard images and login page backgrounds, which allows businesses to keep their branding. This kind of customization can help create a professional first appearance and bring teams together to share the company’s values.

Drag and drop files to upload

High-end VDRs will https://dataroomdev.org/tackling-security-concerns-in-mergers-and-acquisitions/ allow you to drag and drop multiple documents into the data room at the same time, streamlining the upload process while saving a lot of time. Some VDRs offer the “scroll-through” feature which helps users to navigate through the index of documents. In addition, most data rooms can work with a variety of file formats, including Microsoft Word, allowing users to work effortlessly on documents in the VDR. Some data rooms also offer optical character recognition, making it easier to search for text within PDFs or other images-based files.