Virtual data rooms are designed to streamline collaboration by providing a central location that teams, partners as well as clients can access and work on documents in real-time. They also feature built-in activity tracking and auditing capabilities that give a complete record of who access to what information and when. This can assist in identifying suspicious activities and ensuring the compliance with data protection laws.
M&A – M&A transactions require a large amount of documentation which must be reviewed and shared by the sell-side as well as the buy-side. VDRs are the ideal instrument to manage this process efficiently, effectively and safely.
Banking — Investment bankers require secure access to documents from their clients and third parties for M&A, capital raising and other projects. VDRs are an efficient solution that eliminates the need for meetings in person documents, document storage space courier services, as well as office supplies.
Construction & Service Contracts
Contractors need to share a large number of confidential documents with one to complete projects and to keep their business relationships. This requires a strong and reliable tool that permits contractors to access documents from anywhere they have internet access. VDRs are a highly-secure alternative to physical and email files that can be easily viewed from any device or geographical location.
Biotech/Pharma — R&D for life science companies requires top-of-the-line security and a platform to collaborate on confidential documents with partners, investors and other stakeholders. VDRs can help these companies keep track of progress in analyzing investor interest and monitor how documents are used by use this link their users.