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 a viable option for businesses of all kinds. Here are some of the VDR’s most popular uses:
M&A due diligence
The process of merging with or buying another business requires a huge amount of documentation to be shared, typically with third parties like auditors and regulatory bodies. Having access to a secure, central repository of all this information makes the M&A process significantly quicker and easier.
The litigation process often involves large volumes of best antivirus for pc documents that are sensitive and confidential. Legal teams need a VDR since these documents can be easily stolen or lost. VDRs allow attorneys and regulators to examine documents remotely without the risk of compromising security.
Offline sharing and signing important documents can be a long process. With the e-signature feature most VDR providers offer this procedure can be streamlined and speeded.