A virtual dataroom, also known as VDR offers the security to share and safeguard confidential documents. Investment bankers are among the most frequent users of this technology but it is also utilized by enterprises from all sectors. Here are some of the VDR’s most commonly used uses:
M&A due diligence
Merging with or purchasing another company requires a huge amount of documentation that must be shared, usually with third parties, such as auditors and regulatory bodies. The ability to access a secure, central repository for all this data assists in making the M&A process significantly faster and simpler.
Legal cases
Litigation processes typically require huge volumes of documents that are highly sensitive and confidential. These kinds of documents can easily be lost or stolen, and therefore having a VDR is very important for legal teams. VDRs provide lawyers and regulators the ability to review documents remotely, without risking security.
Real estate
Offline sharing and signing important documents can be a long process. The process can be speeded and streamlined with the eSignature option offered by the majority of VDR providers.