A virtual dataroom, or VDR is a secure way to share and protect confidential documents. Investment bankers are the most frequent users of this technology, but it can be used by businesses of all kinds. Here are some of the VDR’s most frequently used applications:
M&A due diligence
A merger or acquisition of another company requires sharing a significant amount of documentation, often with third-party entities such as auditors and regulatory agencies. The ability to access a secure, centralized repository of all this information makes the M&A process much quicker and less complicated.
Legal cases
Litigation processes often involve huge volumes of documents that are highly sensitive and confidential. Legal teams need a VDR as these documents can be easily lost or stolen. VDRs allow lawyers and regulators to examine these documents remotely without harming www.newsoftwarepro.org/avast-cleanup-premium-review their 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 the process can be made easier and accelerated.