Data rooms became trendy rather fast. They make the distribution of the information easy and fast. Besides that, this technology provides the opportunity to work out better communication within team members and investors and advance the teamwork in the firm. Online deal rooms are a protected and structured place where brands can handle a few projects simultaneously. But whilst most of the users focus on obvious instruments, online meeting rooms online due diligence have something more to provide you with. There are several unusual features that VDRs providers give their users. Using them firmscan develop their workflows even more. So let’s take a look at these tools.
Email is a basic program pre-installed on every device. So it is extremely easy to reach the inbox or send an electronic letter. That’s why we use this tool pretty much every day. Considering that, it’s only logical for online deal room providers to have the “Email In” feature that allows uploading documents to the virtual deal room directly from the email. This tool helps saving time and knocks out all the hassle from the upload process.
Additionally, this instrument simplifies the process of the interaction with a data room for those who are not that good in technologies. Being able to utilize the already familiar technology they won’t slow down the workflow of the whole business. Uploading documents using this feature all members of the brand will be able to contribute to the flow of the data.
One of the biggest advantages virtual meeting rooms have is an impressive security. And the most important part is that users can be in charge of the security of their uploaded files. But it is also useful to have an opportunity to check if everything is set up accurately. The “View As” feature 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 make sure that others will see more than they have to see and avoid unpleasant situations related to the data theft.
Q&A on VDR
Thisfeatureis great for boosting the teamwork. It will let solving questionable moments during the deal and making sure all parties are satisfied with how things are going. The Q&A tool doubtless should be used during M&A and other actions that need many discussions on different topics. With this instrument, parties can be sure they all are on the same page and no one is missing details.
Even though plenty of online deal rooms providers see watermarks as one of their most important selling points, this tool frequently are neglected. It is rather a mistake to not to use this instrument. With a watermark, team members can protect their documents from theft and illegal use. If there is a certain instrument in a electronic data room – you must at least test it. Providers offer a huge diversity of features to fulfil the needs of every brand. So every customer can pretty much make their own exclusive virtual repository, using a certain set oftoolsand take advantage of using this technology as much as possible.