A virtual dataroom, or VDR offers the security to share and secure confidential documents. Investment bankers are among the most frequent users of this technology, but it is a viable option for enterprises from all sectors. Here are some of the VDR’s most popular uses:
M&A due diligence
Merging with or buying another business requires a huge amount of documentation to be shared, typically with third parties, such as auditors and regulatory bodies. The M&A process is made much more efficient and speedier when you have access to a central secure repository of all this information.
Legal Cases
The litigation process often involves large quantities of documents that are sensitive and confidential. Legal teams require a VDR since these documents can be easily stolen or lost. VDRs newsoftwarezone.org allow attorneys and regulators to review documents remotely, without compromising security.
Real estate
Offline sharing and signing important documents can be a long process. With the electronic signature feature that most VDR providers offer, this process can be simplified and speeded.