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A virtual dataroom, or VDR, provides a secure way to share and protect confidential documents. While investment bankers are among the heaviest users of this technology, its benefits can be used by companies of all kinds. Here are a few of the most popular uses for VDR: VDR:
M&A due diligence
A merger or acquisition of another company requires a large amount of documentation to be shared, typically with third parties, such as auditors and regulatory bodies. The M&A process is made simpler and quicker when you have access to a centralized secure repository of all the information.
Legal Cases
The litigation process often involves large quantities of documents that are highly sensitive and sensitive and confidential. Legal teams need a VDR because these documents can be easily lost or stolen. VDRs offer lawyers and regulators to review documents remotely without risking security.
Real estate
Sharing and signing important documents with potential buyers and investors can be a long process when executed offline. With the e-signature feature the majority of VDR providers provide, this process can be simplified and speeded.
