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. Investment bankers are the most frequent users of this technology but it is a viable option for companies in all industries. Here are a few of VDR’s most commonly used uses:

M&A due diligence

A merger or purchase of another company requires sharing a significant amount of documents, typically with third-party parties such as auditors and regulatory agencies. Having access to a secure, central repository for all of this information helps make the M&A process much quicker and simpler.

Legal Cases

Litigation processes involve a large amount of documents which are extremely sensitive or confidential. Legal teams require a VDR because these documents are easily stolen or lost. VDRs provide lawyers and regulators to examine documents remotely without the risk of compromising security.

Real estate

Signing important documents and sharing them with investors and buyers is often a lengthy process if completed offline. With the e-signature option that the majority of VDR providers provide this process can be simplified and accelerated.

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