Virtual data rooms are designed to facilitate collaboration by providing a central place which partners, teams and clients can look over and work on documents in real-time. They come with auditing and activity tracking features built in, that provide complete records of who accessed what and when. This will help in identifying suspicious activities and ensure compliance with data protection regulations.
M&A -deals M&A deals require a massive amount of documentation that must be shared and viewed by the sell-side and the buy-side. VDRs are the ideal instrument to ensure this process is managed efficiently, safely and effectively.
Banking — Investment bankers require secure access to privileged documents from their clients and third parties for M&A, capital raising and other projects. VDRs are a cost-effective solution that eliminates the need for in-person meetings and document storage spaces courier services, and office equipment.
Construction & Service Contracts
Contractors need to share a large number of confidential documents with each to complete projects and to keep their business relationships. This requires a secure and reliable software that allows contractors to access their documents wherever they have internet access. VDRs provide a secure alternative to physical files and emailing. They can be accessible via any device or from any location.
Biotech/Pharma Pharma and Biotech R&D in life science companies requires high-level security, as well as a platform for collaboration on confidential documents with investors, partners and other stakeholders. VDRs allow these companies to keep track of progress and analyse interest from investors, as well as monitor how documents are used by their users.