A virtual dataroom, or VDR, provides the security to share and safeguard confidential documents. Investment bankers are among the most frequent users of this technology, but it is also utilized by enterprises from all sectors. Here are some of the most popular uses for VDR: VDR:
M&A due diligence
A merger or acquisition of another business requires a huge amount of documentation to be shared, typically with third parties, such as auditors and regulatory bodies. The M&A process is made more efficient and speedier when you have access to a central secure repository of this information.
Legal cases
Litigation processes involve a large amount of documents that are highly sensitive or confidential. These kinds of documents are easily lost or stolen, therefore having a VDR is crucial for legal teams. VDRs make it simple for attorneys and regulators to access these documents remotely, without risking their security.
Real estate
Offline sharing and signing important documents can be a long process. This process can be accelerated and made easier with the eSignature option offered by most VDR providers.
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