Virtual data rooms are designed to simplify collaboration by providing a central platform where teams, partners and clients can look over and work on documents in real-time. They also include auditing and activity tracking capabilities that provide a full history of who has visited what and when. This information can be used to identify suspicious activities and ensure the compliance.

M&A – M&A transactions require a large amount of paperwork that must be shared and reviewed by the sell-side as well as the buy-side. VDRs are the ideal instrument to ensure this process is managed efficiently in a safe and efficient manner.

Banking Investment banks require secure access to confidential documents from clients and other third parties to help complete M&As, raise capital and other projects. VDRs can be a cost-effective substitute to meetings in person and eliminate the requirement 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 strong safe, reliable and secure tool that lets them access documents from anywhere using an internet connection. VDRs provide a secure alternative to emailing and physical files. They can be access from any device or location.

Biotech/Pharma – R&D in life science companies needs high-level security and an avenue for collaboration on confidential documents with investors, partners and other stakeholders. They can use VDRs to monitor developments, assess the interest of investors and monitor the way documents are used by their users.