4 Common Uses For a Virtual Data Room

A virtual dataroom, also known as VDR, provides an effective way to share and safeguard confidential documents. Investment bankers are among the most frequent users of this technology, but it can be used by companies in all industries. Here are a few of VDR’s most commonly used uses:

M&A due diligence

The process of merging with or buying another company requires a huge amount of documentation to be shared, most often with third-party parties like auditors and regulatory bodies. The M&A process is made much quicker and easier when you have access to a central, secure repository of all this information.

Legal cases

Litigation processes involve large volumes which are extremely sensitive or confidential. Legal teams require a VDR as these documents can be easily stolen or lost. VDRs allow attorneys and regulators to access these documents remotely without harming their security.

Real estate

Offline, sharing and signing important documents can be a long process. The process can be speeded and simplified with the eSignature option offered by the majority of VDR providers.

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