Virtual data rooms are created for collaboration. They offer an online platform that allows teams as well as partners and clients to collaborate and review documents in real time. They have auditing and activity tracking features integrated, which offer an exhaustive record of who accessed which documents when. This can assist in identifying suspicious activities and ensuring that you are in compliance with data security regulations.

M&A – M&A transactions require a huge amount of documentation which must be reviewed and shared by the sell-side and the buy-side. VDRs are a great tool for managing this process in a secure, efficient and effectively.

Banking — Investment banks need secure access to confidential documents from clients and third parties in order to complete M&As as well as raise capital for other projects. VDRs offer a cost-effective alternative to in-person meetings, and eliminate the necessity for document storage courier services, office supplies, and office equipment.

Construction & Service Contracts

Contractors have to share a large amount of confidential documents in order to complete projects and maintain business relationships. This requires a robust and reliable tool that permits contractors to access documents anywhere they have an internet connection. VDRs are highly secure alternatives to physical and email files that can be easily viewed from any device or location.

Biotech/Pharma – R&D in life science firms requires high-level security, as well as an environment for collaboration on confidential documents with partners, investors and other stakeholders. These firms can use VDRs to track progress, evaluate investor interest and track the ways in which documents are used by their customers.

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