A virtual dataroom, or VDR is the security to share and safeguard confidential documents. Although investment banks are among the largest users of this technology, the benefits are available to businesses of all types. Here are some of the most frequently used applications for VDR: VDR:
M&A due diligence
A merger or acquisition by another company involves sharing a significant amount of documents, typically with third-party auditors, such as audits and regulatory agencies. The ability to access an organized, secure repository for all this data can make the M&A process much faster and more efficient.
Litigation processes involve large volumes which are extremely sensitive or confidential. These kinds of documents are easily lost or stolen, therefore having a VDR is crucial browse around here for legal teams. VDRs enable lawyers and regulators to look over the documents remotely, without harming their security.
Signing important documents and sharing them with potential buyers and investors can be a long process if it is executed offline. This process can be accelerated and streamlined with the eSignature feature offered by the majority of VDR providers.