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4 Common Uses For a Virtual Data Room

A virtual data room, or VDR is a secure solution for sharing and protecting confidential documents. While investment bankers are among the heaviest users of this technology, the benefits are available to companies of all kinds. Here are some of the most popular uses for VDRs: VDR:

M&A due diligence

A merger or purchase of another company involves sharing a lot of documentation, most often with third-party auditors, such as audits and regulatory agencies. The M&A process is made easier and faster when you have access to a central, secure repository of the relevant information.

Legal cases

Litigation processes often involve large quantities of documents that are highly sensitive and confidential. Legal teams need a VDR because these documents can be easily stolen or lost. VDRs offer lawyers and regulators to examine documents remotely without risking security.

Real estate

Signing important documents and sharing them with potential buyers and investors is often a lengthy process if it is executed offline. With the e-signature feature that the majority of VDR providers provide, this process can be simplified and speeded.

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