A virtual data room, or VDR is a safe solution for sharing and securing confidential documents. Investment bankers are among the most frequent users of this technology however it is a viable option for companies in all industries. Here are some of VDR’s most popular uses:
M&A due diligence
A merger or acquisition of another company requires a large amount of documentation to be shared, most often with third-party parties like auditors and regulatory bodies. The M&A process is made much simpler and quicker when you have access to a central secure repository of the information.
Legal Cases
Legal processes require large volumes that are highly sensitive or confidential. These kinds of documents are easily lost or stolen, which is why having a VDR is vital for legal teams. VDRs allow attorneys and regulators the ability to review documents remotely, without risking security.
Real estate
Offline, sharing and signing important documents can be a long process. This process can be accelerated and simplified by using the eSignature option offered by most VDR providers.