Due Diligence Virtual data room is an online solution that lets you share and protect sensitive documents in audits and business transactions. It is easy to use even for non-technical users with a user-friendly interface and top-of-the-line security. It’s a great solution for companies who want to simplify their due diligence process, and eliminate the requirement for https://boardwallet.com/data-room-for-real-estate-the-secure-solution-for-brazilian-property-management/ paper documents.
Due Diligence Virtual Data Room has an array of security levels and 256-bit AES encrypted files, which is the highest level of encryption available. It secures all data including file names and descriptions which means that even if the files are printed or downloaded or printed, they can’t be read. This allows all parties involved in conduct a transaction to collaborate efficiently and safely without worrying about confidential data falling into in the wrong hands.
A robust search engine and intelligent filters make it easy to locate specific documents via metadata or keywords, which reduces the time required to review extensive document sets. Access permissions can be set by roles and responsibilities which makes it easier to conduct due diligence. It is recommended that permissions are changed regularly in accordance with the development of the project.
Tracking features maintain a log of all actions performed by users of the data room, which includes turning off and on, viewing pages and more. The results are displayed on an attractive “heatmap” that lets administrators monitor their efforts. This helps companies improve efficiency and productivity, leading to better deal outcomes.