Virtual Data Room allows businesses to share their documents in a secure manner with other parties. It’s used by a range of industries, including life science banking, technology, M&A, and more.
Virtual data rooms are frequently used in M&A transactions, which is the most frequent application of VDRs. They help facilitate due diligence, and close deals with less risk. This is especially crucial because M&A involves large volumes of documents and is extremely sensitive.
A VDR can help reduce M&A risk by providing the users with more specific permissions with secure spreadsheet viewers, as well as other features like view-only mode, screenshot blocking and more. This way, only authorized users can access and view the data. The security of your infrastructure is also guaranteed with multiple backups and virus scanning.
Financial services companies handle many kinds of data which ranges from contracts to other legal documents to financial data and reports. This makes them a perfect candidate for the use of a VDR which can securely store documents and share with third parties quickly.
Investment banks utilize online document sharing tools for M&A transactions as well as capital raising. These companies require an VDR with a flexible pricing model and collaboration features to increase efficiency. For example an investment bank might require an upload speed of 5MB per second, SmartLock that allows revoking access to documents after they’ve been downloaded, built-in redaction features, DocuSign integration, and much more.
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