A virtual dataroom, also known as VDR offers the security to share and protect confidential documents. While investment bankers are among the biggest users of this technology, the benefits can be utilized by businesses of all types. Here are a few of the most commonly used uses for the VDR:
M&A due diligence
A merger or purchase of an other company involves sharing a large amount of documentation, most often with third-party entities such as auditors and regulatory agencies. The M&A process is made simpler and quicker when you have access to a centralized, secure repository of all this information.
Legal Cases
Litigation processes often involve large quantities of documents that are highly sensitive and confidential. These types of documents are easily lost or stolen, which is why having a VDR is vital for legal teams. VDRs enable attorneys and regulators to access these documents remotely without risking their security.
Real estate
Offline sharing and signing important documents can be a lengthy process. This process is able to be speeded and streamlined with the eSignature option offered by most VDR providers.
