Virtual data rooms are designed for collaboration. They provide a central platform for teams partners, clients, and teams to review and edit documents live. They feature monitoring and auditing capabilities integrated, which offer complete records of who has accessed what at what time. This can assist in identifying suspicious activities and ensure compliance with the data protection regulations.
M&A – M&A transactions require a substantial amount of documentation that has to be shared and reviewed by the sell-side as well as buy-side. VDRs are the ideal tool to manage this process efficiently, securely and effectively.
Banking Investment bankers require secure access to documents from their clients and third parties for M&A capital raising as well as other projects. VDRs are a cost-effective alternative to in-person meetings, and eliminate the need for document storage, courier services, office supplies and office supplies.
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 secure and reliable tool that allows contractors to access their documents wherever they have an internet connection. VDRs are a highly-secure alternative to physical files and email that can be easily viewed from any device and geographical location.
Biotech/Pharma — R&D for life science companies requires high-level security and a platform to collaborate on confidential documents with investors, partners and other stakeholders. VDRs enable these firms to keep track of their progress by analyzing interest from investors and track how documents are utilised by their users.
