https://www.dataroombiz.info/the-venture-capital-cycle-main-points
A virtual dataroom (VDR) software platform permits secure sharing and collaboration of sensitive documents. Many companies utilize VDRs for critical business processes such as due diligence, mergers and purchases and fundraising.
While some VDR vendors claim to be able to support all industries, most vendors specialize. To narrow the field, companies can look for vendors who have testimonials from customers within their industry and an example of the kinds of projects they can manage with their software.
Legal firms utilize VDRs for sharing confidential documents in litigation and business transactions with clients, attorneys, and third party. Real estate and immovable property deals require extensive documents exchanged between interested parties and VDRs can streamline the process. Private equity and funds use VDRs to communicate with limited partners, auditors and portfolio company management.
Companies in the banking and finance industry should search for an VDR that provides a custom interface, multi-language support, and integration with their current IT systems. They should also consider the types of files and folders they require to store and share. The vendor should also provide various pricing options, including per-page, per storage and a flat-rate monthly fee. Some vendors also offer a no-cost trial or a structured pricing structure that allows users to try out the service before taking the plunge. The bottom line is that a quality VDR is easy to use and offers an intuitive user interface with robust features that can meet the needs of the most diverse industries.