Virtual data rooms are designed to streamline collaboration by providing a central place that teams, partners as well as clients can access and work on documents in real-time. They also have built-in activity tracking and auditing content capabilities that provide a full list of who has accessed what and when. This can be used to detect suspicious activities and ensure conformity.
M&A -Deals involving M&A – M&A deals require a large amount of documentation to be shared and viewed between the sell-side and the buy-side. VDRs are an excellent tool to manage this process efficiently, safely and effectively.
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 a cost-effective solution that eliminates the requirement for in-person meetings, document storage space, courier services and office supplies.
Construction & Service Contracts
Contractors are required to share a variety of confidential documents to complete projects and maintain business relationships. This requires a secure and reliable tool that enables contractors to access documents from anywhere they have internet access. VDRs are a safe alternative to emailing and physical files. They can be accessable from any device or place.
Biotech/Pharma — R&D for life science companies requires top-of-the-line security and a platform to collaborate on confidential documents with partners, investors and other stakeholders. VDRs help these companies keep track of progress and analyse interest from investors, as well as track how documents are utilised by their users.