A virtual dataroom, also known as VDR offers the security to share and secure confidential documents. Investment bankers are the most frequent users of this technology however it is also utilized by enterprises from all sectors. Here are a few of the most common uses for a VDR:
M&A due diligence
Merging with or buying another company requires a large amount of documentation that must be shared, often with third parties such as auditors Web Site and regulatory bodies. Having access to an organized, secure repository for all this information makes the M&A process significantly faster and easier.
Legal cases
Litigation processes involve a large amount of documents which are extremely sensitive or confidential. Legal teams require a VDR because these documents can be easily stolen or lost. VDRs make it easy for lawyers and regulators to examine the documents remotely, without harming their security.
Real estate
Offline sharing and signing important documents can be a lengthy process. This process can be speeded and streamlined with the eSignature feature provided by most VDR providers.
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