Virtual data rooms are used in committee work, due diligence projects, public bidding processes, M&A transactions, auditing, by lawyers and supervisory authorities or in real estate processes. Sensitive documents and information find a central digital place in data rooms to simplify confidential collaboration.
In contrast to a privacy box, you have additional functions in a data room to protect against the unwanted dissemination of documents.Thanks to the integrated journal, the data room is audit-proof. Every action of a user is documented in the journal and thus recorded in an audit-proof manner in order to be able to trace access and changes to data room content if necessary. Each user can be granted or withdrawn the authorization to view the content of the journal in the member administration of a data room.