A virtual dataroom, also known as VDR offers an efficient way to share and protect confidential documents. Investment bankers are the most frequent users of this technology however it is also used by businesses of all kinds. Here are some of the most popular uses for VDRs: VDR:
M&A due diligence
A merger or purchase by another business requires sharing a lot of documents, usually with third-parties such as auditors and regulatory agencies. Accessing a secure, centralized repository of all this information can make the M&A process significantly faster and simpler.
Litigation processes often involve massive volumes of documents that are sensitive and confidential. These types of documents are easily lost or stolen, so having a VDR is essential for legal teams. VDRs allow lawyers and regulators to look over these documents remotely without harming their security.
Signing important documents and sharing them with investors and potential buyers is often a lengthy process if it is completed offline. With the e-signature option that most VDR providers provide, this procedure can be streamlined and accelerated.