A virtual dataroom, also known as VDR, provides an efficient way to share and secure confidential documents. While investment bankers are among the largest users of this technology, the benefits can be utilized by businesses of all types. Here are a few of VDR’s most commonly used uses:

M&A due diligence

A merger or acquisition of another company involves sharing a lot of documents, typically with third-party auditors, such as audits and regulatory agencies. Accessing a secure, central repository for all this information helps make the M&A process much quicker and less complicated.

Legal cases

The litigation process involves a lot of documents which are extremely sensitive or confidential. These types of documents are easily lost or stolen, so having a VDR is crucial for legal teams. VDRs offer lawyers and regulators to review documents remotely, without any compromise to security.

Real estate

Offline sharing and signing important documents can be a lengthy process. With avg internet security the e-signature feature that the majority of VDR providers provide the process can be simplified and speeded.