http://9dataroom.com/ultimate-guide-to-choosing-the-right-vdr-for-you
A virtual dataroom (VDR) allows you to share sensitive business documents in a safe environment. It is commonly used for collaboration on large projects, such as M&A deals or fundraising. It’s also a great choice for companies that need to archive and share regulated information such as medical records or financial statements.
Many companies are seeking an easy-to use and reliable tool to share documents. There are many file-sharing applications that can meet these requirements. However, they don’t provide the same security features as a VDR. This includes features like redaction, fence view, and watermarks that can be customized. This is important because it helps to ensure that personally-identifiable information stays private.
VDRs can also be utilized to collaborate on large-scale initiatives like the construction of new buildings or providing services to clients. This type of collaboration is dependent on the ability to manage, store and share files in real-time. VDRs can also be used to gather responses to an RFP or an RFQ.
In the past, this type of collaboration would require that all parties meet in person. This kind of collaboration could cause bottlenecks due to travel and scheduling issues. This can lead to delays in the project or even canceled. A VDR removes the need to hold meetings in person, allowing participants to work on projects anywhere they have an internet connection. Some traditional VDRs charge a fee for every user who uses the platform, while newer providers make use of pricing models that are that are based on the volume or project size.