A virtual dataroom, also known as VDR, provides an efficient way to share and safeguard confidential documents. Investment bankers are among the most frequent users of this technology however it is also utilized by companies in all industries. Here are a few of the most common uses for VDRs: VDR:
M&A due diligence
The process of merging with or buying another company requires a huge amount of documentation to be shared, typically with third parties like auditors and regulatory bodies. Being able to access an organized, secure repository for all this information makes the M&A process much quicker and simpler.
Legal Cases
Legal processes require large volumes that are highly sensitive or confidential. Legal teams need a VDR because these documents can be easily lost or stolen. VDRs offer lawyers and regulators to examine documents remotely without compromising security.
Real estate
Signing important documents and sharing them with potential investors and buyers is often a lengthy process if it is done offline. This process can be speeded and simplified by using the eSignature option offered by the majority of VDR providers.
