https://datarooming.com/docsend-virtual-data-room-review/

Virtual Data Room is an online repository for digital files. It allows users to collaborate on M&A due-diligence as well as other business transactions safely. It allows secure sharing of digital files, and speeds up the decision-making process. The activity is monitored to ensure full transparency and accountability. It’s more complete than traditional cloud storage.

VDRs let users upload and organize their files into a folder structure which can be adapted to the particular project. The user can then add documents or files to the folders, and then grant access to others in accordance with their roles, responsibilities, and requirements. This will help to reduce data duplication, speed up the process of reviewing and ensure a consistent and clean set of documents to be reviewed.

In addition, a VDR can provide users with document-level analysis to help them understand how they’re using the data. This is essential to increase user engagement and improve adoption, particularly when the data is sensitive.

To get started users just need to create an account. They do this by entering their personal details and agreeing to terms of service. Once their account is created then they can begin uploading their files and adjusting security settings to make the virtual data space ready for use. Based on the size of their files, they may be required to upload them in batches. Certain VDR providers provide features such as infinite scrolling that allows users to browse quickly through the entire collection of files without clicking.