https://www.fishdataroom.com/how-much-should-a-virtual-data-room-cost/

Virtual data rooms (VDRs) are used when a business wants to communicate confidential information to a third party without the risk of a breach. If your company is trying to create an M&A transaction happen, secure board communications or even discover the cure for diseases, the VDR can help keep your content safe.

Most VDR providers offer a no-cost trial period that allows you to “kick the tires” and find out what each service can offer in practice. When you use the trial option, you’ll be aware of how a VDR can simplify your due diligence processes and help make complicated transactions easier.

The ideal VDR can consolidate all your digital tools into an integrated system that’s easy and easy to navigate. With a full range of options, including an executive suite and a folder structure that mimics your own file system and a specialized search feature and you’ll feel as if you have an arsenal of secret weapons to use whenever your team needs to share confidential data with third-party users.

The VDR’s capability to be accessed from anywhere connected to the internet allows it to be used by teams around the globe, removing geographic barriers and enabling collaboration. VDRs also offer a cost-effective alternative to traditional physical data rooms. Some VDRs offer access control options which allow administrators to limit who can see what, when, and how. This lets them secure sensitive data from unauthorized access.