4 Common Uses For a Virtual Data Room

A virtual data room, or VDR is a secure solution for sharing and protecting 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 popular uses for the VDR:

M&A due diligence

Merging with or buying another company requires a large amount of documentation to be shared, often with third parties, such as auditors and regulatory bodies. Having access to a secure, central repository for all of this information helps make the M&A process much faster and more efficient.

Legal cases

The litigation process involves a lot of documents which are extremely sensitive or confidential. These types of documents are susceptible to being lost or stolen, so having a VDR is essential for legal teams. VDRs provide lawyers and regulators to review documents remotely without the risk of compromising 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 process can be simplified and speeded.

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