Digital data room solutions allow you to secure and professionally share sensitive documents among many parties regardless of whether you are seeking funds or conducting M&A legal transactions, preparing an IPO or due diligence compliance projects. With a single platform to review, view, and make comments on files, they make it easier to review documents and allow you to close deals faster. They also enable you to save time and resources by facilitating efficient Q&A sessions.

Financial institutions and investment banks use virtual data rooms to facilitate client meetings, do due diligence on mergers and acquisitions (M&A) and present potential prospective investors with targets, and assist in post-transaction integration. They require a solution that delivers greater speed, security, and service than the traditional cloud storage software. Features such as a 5MB per second upload speed, SmartLock that allows revoking access to documents even after they are downloaded with redaction built-in and integration with DocuSign, as well as dedicated project managers that provide them with the features they need.

A research company that produces a highly sought-after weekly report on commodities would benefit from a solution that provides strong DRM controls to stop sharing of data with unauthorised clients. This would prevent their vital information from falling into the wrong hands and affecting current market conditions which could negatively affect their paying clients.

Many modern VDR providers provide a free trial, so you can test their services at see post no risk before taking the plunge into. They also offer in-app live chat, phone and email support in multiple languages, help centers with videos on their products, as well as dedicated project managers. This is a service that cloud storage solutions do not normally focus on, but can make all the difference when you require a digital data room solution.