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4 Common Uses For a Virtual Data Room

A virtual dataroom, also known as VDR offers the security to share and protect confidential documents. Investment bankers are the most frequent users of this technology but it is also utilized by companies in all industries. Here are some of VDR’s most popular uses:

M&A due diligence

A merger or acquisition of another business requires sharing a lot of documentation, often with third-party parties such as auditors and regulatory agencies. The M&A process is made easier and faster when you have access to a central, secure repository of this information.

Legal cases

The litigation process involves a lot of documents that are highly sensitive or confidential. These kinds of documents can be easily lost or stolen, so having a VDR is vital for legal teams. VDRs provide lawyers and regulators the ability to review documents remotely, without compromising security.

Real estate

Offline sharing and signing important documents can be a lengthy process. With the e-signature feature that the majority of VDR providers provide, this procedure can be streamlined and accelerated.

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