https://www.fishdataroom.com/how-much-should-a-virtual-data-room-cost/
Virtual data rooms (VDRs) are typically used by accountants, lawyers, and auditors of companies who need to access confidential information without the risk of an attack by hackers or a violation of compliance. A specially-designed VDR is designed to permit third parties to look over confidential documents in an online environment without risk.
VDRs are extensively used for M&A due-diligence. Companies who are merging or buying require a secure method of keeping the relevant documents. Prospective investors also need an easy way to review it. A dedicated VDR helps the process proceed smoothly and ensures that important information is only released when it is needed. If a contract does not close in time, access to the VDR can be immediately revoked.
Many VDR vendors offer a range of user management tools to keep control of the information that users can access. You should always ensure that the platform you select comes with robust permission settings in order to limit or deny access to certain types of files or data that include granular details such as size and file names. Ideally, you should choose a platform that offers granular auditing and activity logs to provide full transparency into who is viewing what files.
Finally, if you’re going to use your VDR for critical business processes that aren’t part of the hours of 9-5 Choose a vendor that offers 24/7 support. It’s worth it to have experts available to answer questions and address issues.