VDRs (also known as electronic data rooms or virtual deal rooms) are online storage facilities that allow companies to securely share documents in any type of business transaction. They eliminate the need to use physical paperwork and allow you http://www.dataroomit.com/free-vdr-common-limits-of-usage/ to share crucial business information with a number of parties at once. VDRs are crucial for investment banking processes like IPOs, M&A and capital raising.

VDRMs are also helpful 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 that maintain employee records, and project managers involved in various business processes. VDRs facilitate a smooth document sharing process and strict security measures to ensure sensitive information doesn’t get into the unintentional hands of.

A common pricing model is based on a fixed amount of storage space per month or year that makes it ideal for smaller projects in which you know the amount of data and documents you’ll need to keep and access. This pricing model is best suited for businesses that don’t intend to exchange large video or audio files.

Other pricing options include a flat fee or a subscription-based model. Free file-sharing platforms, such as Google Drive or Dropbox, offer basic security features, but they are far behind the features of dedicated paid VDRs. Specialized paid VDRs, such as iDeals, SecureDocs, and Dealroom offer a variety of security features that make them suitable for advanced document sharing.