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A virtual dataroom, or VDR offers a secure way to share and secure confidential documents. Although investment banks are among the heaviest users of this technology, its benefits can be utilized by companies of all kinds. Here are some of the most common uses for a VDR:

M&A due diligence

A merger or purchase by an other company involves sharing a lot of documentation, most often with third-party entities such as auditors and regulatory agencies. Being able to access a secure, central repository for all this information assists in making the M&A process much faster and more efficient.

Legal cases

Litigation processes often involve large quantities of documents that are highly sensitive and confidential. These kinds of documents are easily lost or stolen, which is why having a VDR is crucial for legal teams. VDRs make it easy for attorneys and regulators to access these documents remotely without harming their security.

Real estate

Sharing and signing important documents with potential buyers and investors can be a lengthy process when executed offline. With the electronic signature feature that most VDR providers provide this procedure can be streamlined and accelerated.