A virtual dataroom (VDR) allows you to store, share and distribute confidential documents online. A VDR enables companies to streamline critical business processes and improve communication between internal and external stakeholders across different time zones.

Typically, VDRs are used for due diligence and collaboration with prospective investors, but many read more organizations leverage them in other ways. For instance life science and technology companies use VDRs to secure sensitive research data during their R&D process. A VDR is also a fantastic method for companies that are publicly traded to share documents with the public at an IPO.

When choosing a VDR Choose one that comes with a robust features and industry-leading capabilities. Make sure that the program can be customized to meet your company’s requirements. A reliable VDR can also be configured with advanced security settings, which means you can track who viewed or downloaded files, and also have access to the entire library.

We recommend trying out various VDR providers visually using their free trials. You’ll have the opportunity to test their interfaces, features and usability so you can find the best solution for your business. The ideal solution will easily adapt to your business processes as well as improve efficiency and accuracy.