A virtual dataroom, also known as VDR is an efficient way to share and secure confidential documents. While investment bankers are among the largest users of this technology, the benefits can be utilized by companies of all kinds. Here are some of the most commonly used uses for the VDR:
M&A due diligence
A merger or acquisition by another company requires sharing a large amount of documentation, most often with third-party entities such as auditors and regulatory agencies. The M&A process is made quicker and easier when you have access to a centralized secure repository of this information.
Legal Cases
Litigation processes often involve huge read here volumes of documents that are highly sensitive and confidential. Legal teams require a VDR because these documents can be easily stolen or lost. VDRs provide lawyers and regulators the ability to access documents remotely without any compromise to security.
Real estate
Signing important documents and sharing them with investors and buyers can be a lengthy process when done offline. This process can be speeded and made easier with the eSignature service offered by most VDR providers.
