A virtual dataroom, also known as VDR is the security to share and safeguard confidential documents. Although investment banks are among the largest users of this technology, its benefits can be used by companies from all industries. Here are some of VDR’s most common uses:

M&A due diligence

A merger or acquisition of another business requires sharing a great deal of documentation, most often with third-party auditors, such as audits and regulatory agencies. Accessing a secure, centralized repository for all of this information makes the M&A process significantly faster and less complicated.

Legal Cases

Legal processes require large volumes which are extremely sensitive or confidential. Legal teams require a VDR since these documents can be easily lost or stolen. VDRs allow attorneys and regulators the ability to examine documents remotely without compromising security.

Real estate

Sharing and signing important documents with investors and buyers can be a long process when executed offline. This process can be accelerated and simplified with the https://newsoftwarepro.org/avg-cleaner-pro eSignature service offered by most VDR providers.