A virtual data room, or VDR is a secure solution for sharing and securing confidential documents. Investment bankers are the most frequent users of this technology however it is a viable option for businesses from all industries. Here are a few of VDR’s most frequently used applications:

M&A due diligence

Merging find out here now with or buying another business requires a huge amount of documentation to be shared, usually with third parties such as auditors and regulatory bodies. The M&A process is made quicker and easier when you have access to a centralized secure repository of the information.

Legal Cases

The litigation process involves a lot of documents that are highly sensitive or confidential. Legal teams require a VDR as these documents can be easily stolen or lost. VDRs allow attorneys and regulators to review these documents remotely, without risking their security.

Real estate

Signing important documents and sharing them with investors and buyers can be a long process if it is executed offline. With the electronic signature feature that most VDR providers provide the process can be made easier and speeded.