A virtual dataroom, also known as VDR, provides the security to share and protect confidential documents. Although investment bankers are among the heaviest users of this technology, the benefits can be utilized by businesses of all types. Here are some of the VDR’s most common uses:

M&A due diligence

A merger or purchase of another business requires sharing a great deal of documents, typically with third-party auditors, such as audits and regulatory agencies. The M&A process is made more efficient and speedier when you have access to a central secure repository of all the relevant information.

Legal Cases

Litigation processes involve a large amount of documents that are highly sensitive or confidential. These kinds of documents are susceptible to being lost or stolen, which is why having a VDR is vital for legal teams. VDRs offer lawyers and https://newsoftwarezone.org/ regulators the ability to review documents remotely without the risk of compromising security.

Real estate

Offline sharing and signing important documents can be a long process. With the electronic signature feature that the majority of VDR providers offer this procedure can be streamlined and accelerated.