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Virtual Data Room (VDR) is a software that enables organizations to share and manage information and documents with other stakeholders via the Internet. It is a powerful tool that facilitates a variety of business processes, such as capital raising, IPOs and M&A. The top VDRs come with granular permissions for access and multi-factor authentication, as well as time and IP restrictions and a variety document formats. They also have mobile apps to work on projects on the move and allow users to track their activities.

Investment bankers are more likely to make use of VDRs, as they facilitate M&A diligence procedures and other financial transactions that require large quantities of data. A VDR not only offers an encrypted environment for exchange of data, but it simplifies the process by eliminating travel costs and increasing efficiency for both parties.

Consultancy firms must share a wide range of files with clients which includes confidential documents and presentations. VDRs are a great solution for large global companies with offices across the globe. They can collaborate on projects with multiple teams without losing control.

Founders can tailor their startup’s story to investors using the VDR. It can include sections about company organization documents, pitches decks as well as financial data (historical or future) documents related to people and market information. The top VDRs offer a multilingual user interface and a variety of support options, such as a dedicated team for each client.

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