Due Diligence Virtual Data Room is an online tool to secure and share sensitive documents during business transactions and audits. It provides smooth operations, top-of-the-line security and a user-friendly interface that makes it easy for non-technical users to use. It’s an ideal choice for businesses that want to simplify the due diligence process and eliminate the requirement for physical documents.
To protect against unauthorized access, to protect against unauthorized access, Diligence Virtual Data Room features security that is multi-tiered, and 256-bit AES encryption, the strongest and most secure level that is available. It secures all data including descriptions and names of files and, even if the files are printed or downloaded or printed, they can’t be read. This allows all parties in an exchange to work efficiently and without worry about confidential information being in the wrong hands.
The powerful search function and smart filters allow you to quickly locate documents based on keywords, metadata or other criteria. This reduces the time needed to review large documents. Access permissions can be set in accordance with roles and the responsibilities which makes it easier to conduct due diligence. It is recommended to periodically change permissions in line with project progress.
Tracking features maintain a log of all actions performed by users in the data room, such as switching off and on or viewing pages, among other things. The results are displayed on a vivid “heatmap” which allows administrators to keep track of their performance. This can help companies improve efficiency and productivity which can lead to better outcomes.
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