www.geodataroom.com/what-are-the-common-features-of-virtual-data-rooms/

Virtual Data Room Providers provide online storage facilities to store and share business documents. Users can collaborate, monitor and control file access. They are used by businesses across a range of industries to share confidential information with those outside of the firewall. There are a variety of factors to consider when choosing a VDR provider, such as price and user-friendliness, and support for customers.

Citrix ShareFile is an online file-sharing and collaboration solution which comes with a variety of security features to safeguard sensitive information. There are e-signatures and watermarks and downloading trackers and the capability for users to deactivate their access after a file is downloaded. It comes with an application for mobile devices that is compatible with Windows and Mac devices, iOS and Android.

The platform is used by law firms, investment banks real estate pharmaceutical and biotech companies as well as funds. It supports various document formats and also supports multilingual search, OCR, document preview, and smart AI categories that make navigation easier and assist users in finding the information they require. It also supports a variety of integrations with existing systems.

This cloud-based VDR is designed to be easy to use, and is typically utilized by mid-sized and small firms for M&A due diligence, asset sales real estate transactions, fundraising, and much more. It has a simple, user-friendly interface that lets users to organize their projects into unlimited workspaces. Users can create folders and upload documents in 25 different formats with advanced search and filtering options make it easy to find documents.