4 Common Uses For a Virtual Data Room

A virtual data room, or VDR, is a secure solution for sharing and protecting confidential documentation. Investment bankers are the most frequent users of this technology however it is also used by businesses from all industries. Here are a few of VDR’s most frequently used applications:

M&A due diligence

A merger or acquisition by another company requires sharing a lot of documentation, most often with third-parties such as auditors and regulatory agencies. The M&A process is made much more efficient and speedier when you have access to a central, secure repository of this information.

Legal Cases

The litigation process often involves large quantities of documents that are highly sensitive and confidential. These kinds of documents can easily be lost or stolen, so having a VDR is essential for legal teams. VDRs allow lawyers and regulators to look over these documents remotely, without risking their security.

Real estate

Offline sharing and signing important documents can be a lengthy process. The process can be speeded and simplified by using the eSignature service offered by the majority of VDR providers.

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