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4 Common Uses For a Virtual Data Room

A virtual dataroom, or VDR is a secure way to share and protect confidential documents. Investment bankers are among the most frequent users of this technology, but it is a viable option for enterprises from all sectors. Here are some of the most commonly used uses for a VDR:

M&A due diligence

The process of merging with or buying another company requires a huge amount of documentation that must be shared, typically with third parties like auditors and regulatory bodies. The M&A process is made much more efficient and speedier when you have access to a central, secure repository of this information.

Legal Cases

Litigation processes typically require massive volumes of documents that are sensitive and confidential. These kinds of documents can be easily lost or stolen, therefore having a VDR is crucial for legal teams. VDRs make it easy for lawyers and regulators to look over these documents remotely, without compromising their security.

Real estate

Offline sharing and signing important documents can be a long process. With the e-signature option that the majority of VDR providers provide the process can be made easier and accelerated.

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