Modern virtual data rooms streamline and expedite projects involving the sharing of sensitive documents. These platforms are perfect for completing an M&A or raising capital, or making preparations for an IPO.

A good VDR platform will also allow massive amounts of data be uploaded quickly, regardless of whether you have millions or thousands of files to transfer. This will enable you to close deals quicker which is advantageous for you and your clients. It will also help you avoid losing your clients or partners off by making them wait days to get the information they need.

These platforms allow you to create granular document permissions on a project-by-project basis, which will improve security by ensuring that one customer or partner cannot access other projects on the server. They will also monitor who has visited the documents, at what time and when.

A good VDR is also extremely adaptable and will be seamlessly integrated into your existing business workflows and IT systems. It must also have a user-friendly interface and provide various support options such as email and phone. It should also work for a range of different operating systems and devices. It should also offer a free trial so you can test it out before you purchase. This will let you select the one that best fits your needs and you won’t waste money on something that you don’t like.