A virtual dataroom, also known as VDR offers the security to share and safeguard confidential documents. Investment bankers are among the most frequent users of this technology, however it is a viable option for businesses from all industries. Here are some of the VDR’s most popular uses:

M&A due diligence

Merging with or buying another company requires a large amount of documentation that must be shared, usually with third parties, such as auditors and regulatory bodies. The M&A go to the website process is made much more efficient and speedier when you have access to a central secure repository of the information.

Legal cases

Litigation processes often involve large quantities of documents that are highly sensitive and confidential. Legal teams need a VDR as these documents can be easily lost or stolen. VDRs allow attorneys and regulators to review documents remotely without risking security.

Real estate

Offline sharing and signing important documents can be a lengthy process. With the electronic signature feature that most VDR providers offer the process can be simplified and speeded.