4 Common Uses For a Virtual Data Room

A virtual dataroom, also known as VDR is an effective way to share and protect confidential documents. While investment bankers are among the most frequent users of this technology, the advantages can be used by companies from all industries. Here are some of VDR’s most common uses:

M&A due diligence

The process of merging with or buying another company will require a massive amount of documentation to be shared, often with third parties such as auditors and regulatory bodies. Being able to access an organized, secure repository for all this data assists in making the M&A process significantly faster and easier.

Legal Cases

The litigation process often involves large volumes of documents that are sensitive and confidential. Legal teams need a VDR as these documents can be easily stolen or lost. VDRs make it simple for attorneys and regulators to access the documents remotely, without compromising their 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.

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