VDRs (also known as electronic data rooms or virtual deal rooms) are online repositories that allow businesses to securely share documents in any kind of business transaction. They eliminate the need for physical paperwork and permit you to share vital business information with multiple parties at once. VDRs are vital for investment banking processes like IPOs, M&A and capital raising.
VDRMs can also be useful for C-level executives who must share sensitive data and files with investors, service providers or other external parties. They can also be utilized by HR departments who maintain employee records, as well as by project managers who are involved in different business functions. The easy document sharing and the strict security measures offered by VDRs VDR ensure that sensitive data doesn’t end up in the improper hands.
A typical pricing model is based on an amount fixed per month or per year of storage space. This is perfect for small projects, where you know the many files you’ll require to keep. This approach is suited to companies that don’t plan to trade large audio and video files.
Other pricing models include a flat-fee or a subscription-based model. Free file-sharing services, such as Google Drive or Dropbox, provide basic security features, however they lack the features offered by dedicated paid VDRs. Specialized paid VDRs like iDeals, SecureDocs, and Dealroom offer http://www.dataroomit.com/ a variety of security features that make them suitable for advanced document sharing.