Virtual data rooms are designed to improve collaboration by providing a central platform that partners, teams and customers can view and work on documents in real-time. They also have built-in activity tracking and auditing capabilities that provide a complete history of who accessed what and when. This is a great way to identify suspicious activity and ensure the compliance.

M&A – M&A transactions require a significant amount of documentation that has to be reviewed and shared by the sell-side as well as buy-side. VDRs are the perfect tool for managing this process efficiently, securely and efficiently.

Banking Investment bankers require secure access to confidential documents from their clients and third parties for M&A capital raising, M&A and other projects. VDRs are an efficient solution that eliminates the need for in-person meetings, document storage space, courier services and office equipment.

Construction & Service Contracts

Contractors are required to share a variety of confidential documents in order to complete projects and maintain business relationships. This requires a secure and reliable software that allows contractors to access documents any time they have an internet connection. VDRs offer a safe alternative to email and physical files that can be easily viewed on any device and at any place.

Biotech/Pharma Pharmaceutical R&D in life science companies needs high-level security as well as an environment for collaboration on confidential documents with partners, investors and other stakeholders. The companies can utilize VDRs to monitor progress, evaluate the interest of investors and monitor the manner in which documents are utilized by their users.