A virtual dataroom, or VDR, provides a secure way to share and protect confidential documents. Investment bankers are among the most frequent users of this technology but it is also used by enterprises from all sectors. Here are some of the VDR’s most commonly used uses:
M&A due diligence
A merger or acquisition of another company involves sharing a significant amount of documentation, most often with third-party parties such as auditors and regulatory agencies. The M&A process is made more efficient and speedier when you have access to a central secure repository of all the information.
Legal Cases
Litigation processes involve a large amount of documents that are highly sensitive or confidential. Legal teams require a VDR because these documents are easily stolen or lost. VDRs enable attorneys and regulators to top article access these documents remotely without harming their security.
Real estate
Offline sharing and signing important documents can be a long process. This process can be speeded and made easier with the eSignature service offered by the majority of VDR providers.
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