VDRs, also referred to as electronic data rooms or Virtual Deal Rooms, are online storage facilities which allow companies to securely exchange documents for any type of business transaction. They eliminate the need for physical paperwork and permit users to share important business information with multiple parties at once. Investment banking processes such as IPOs capital raising, IPOs, M&A require huge amounts of information sharing that VDRs aid in.
VDRMs are also beneficial for C-level executives who have to share confidential files and data with service providers, potential investors, or any other external entities, HR departments responsible for maintaining employee records, and any number of project managers working on various business tasks. The simplified document sharing process and stringent security measures offered by VDRs VDR ensure that sensitive information doesn’t fall into the improper hands.
A common pricing model is based upon the fixed amount per month or per year of storage space. This makes it ideal for small-scale projects that you know exactly how much data you’ll need to store. This pricing model is best suited for businesses that don’t plan to trade large amounts of audio or video files.
Other pricing options include a flat fee or subscription-based models. Although free file-sharing platforms such as Google Drive and Dropbox, provide basic security options but they’re far from offering the full range of the features provided by dedicated paid VDRs. Specialized paid VDRs like iDeals SecureDocs and Dealroom provide a variety of security features that make them suitable for free vdr more sophisticated document sharing.
