A virtual dataroom, or VDR offers a secure way 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 most commonly used uses for the VDR:
M&A due diligence
Merging with or purchasing another company requires a large amount of documentation to be shared, typically with third parties like auditors and regulatory bodies. The M&A process is made easier and faster when you have access to a central, secure repository of this information.
Legal processes typically involve huge volumes of documents that are highly sensitive and confidential. These types of documents can be easily lost or stolen, which is why having a VDR is vital for legal teams. VDRs give lawyers and regulators to review documents remotely, without any compromise to security.
Signing important documents and sharing them with potential buyers and investors can be a long process when completed offline. With the e-signature option that the majority of VDR providers offer this process can be simplified and accelerated.