Virtual data rooms are designed to facilitate collaboration by providing a central platform that partners, teams and customers can view and work on documents in real-time. They are equipped with auditing and activity tracking features built in, that provide full records of who accessed which documents when. This helps in identifying suspicious activities and help ensure compliance with the data protection regulations.
M&A — M&A deals require a large amount of documentation to be shared and reviewed between the sell-side and the buy-side. VDRs are the best tool for managing this process effectively, safely 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 are a cost-effective option that eliminates the need for meetings in person, document storage space courier services, as well as office supplies.
Construction & Service Contracts
Contractors must share a large number of confidential documents with one other for the completion of projects and to maintain their business relationships. This requires a robust and reliable tool that lets them access documents anywhere and anytime with an internet connection. VDRs are a secure alternative to physical files and email which can be viewed on any device and from any place.
Biotech/Pharma — R&D for life science companies requires top-of-the-line security and a platform for collaboration on confidential documents with investors, partners and other stakeholders. They can use VDRs to track developments, assess the interest of investors and monitor the manner in which documents are utilized by their customers.