VDR providers are tools which store and share confidential documents. They permit organizations to securely share information with both external and internal stakeholders during an M&A deal or asset sale, fundraising, audits or litigation. Many traditional file-sharing programs have similar features but lack the security and functions of the virtual data room. In addition, they often come with a price that is higher than an specialized VDR solution.
The top VDR providers provide a range of pricing options that can meet different needs for projects. Some VDR providers have a subscription-based model that permits clients to run unlimited projects at fixed costs. This model is perfect for large M&A deals since it reduces the cost per project and allows greater flexibility in terms of data storage capacity. Other providers utilize a per-GB or per-user pricing model. This option may be appropriate for smaller projects that require the smallest amount of storage space for documents and is a great option if you plan to limit access to the few users.
A good VDR should have a range of security features, no matter the size or type of the project. These should include secure 256-bit encryption dynamic watermarks, locking to IP and the ability to deactivate access to documents remotely, even after they have been downloaded to a device of the user. A good provider will also offer support for multiple languages and have a simple interface.
A VDR can save you time and money, regardless of whether you’re involved with buy-side M&A or sell-side M&A or litigation or fundraising. It lets you confidently and quickly exchange documents with your partners. With a wide range of offerings available, it’s important to take the time to pick the best solution for your specific needs. To do this, take into consideration a VDR’s pricing structure features, features, user-friendliness, security implementation and usability All of which can be tested in a free trial.