Virtual data rooms are designed to streamline collaboration by providing a central place which partners, teams and clients can look over and work on documents in real-time. They also feature built-in activity tracking and auditing capabilities that provide a complete history of who has access to what information and when. This can help in detecting suspicious activities and ensuring compliance with data protection regulations.
M&A – M&A transactions require a huge amount of documentation that must be shared and reviewed by the sell-side, as well as the buy-side. VDRs are an ideal instrument to manage this process efficiently, effectively and safely.
Banking Investment banks require secure access to confidential documents from clients as well as third parties to complete M&As, raise capital and other projects. VDRs can be a cost-effective substitute to in-person meetings, and eliminate the requirement for document storage courier services, office supplies, and office equipment.
Construction & Service Contracts
Contractors need to share a lot of confidential documents to complete projects and maintain business relationships. This requires a secure and reliable tool that allows contractors to access documents any time they have internet access. VDRs offer a secure alternative to emailing and physical files. They can be accessible via any device or from any location.
Biotech/Pharma — R&D for life science companies requires high-level security and a platform for collaboration on confidential documents with partners, investors and other stakeholders. These firms can use VDRs to monitor the progress of their research, study investor interest and track the how documents are used by their customers.
