Virtual data rooms are built for collaboration. They provide an integrated platform that allows teams as well as partners and clients to review and work on documents in real time. They feature limits of economic sanctions monitoring and auditing capabilities integrated, which offer an exhaustive record of who has accessed what at what time. This can be used to identify suspicious activity and ensure compliance.
M&A – M&A transactions require a significant amount of documentation that has to be shared and reviewed by the sell-side as well as buy-side. VDRs are a great tool to manage this process efficiently, securely and efficiently.
Banking — Investment banks need secure access to confidential documents from clients and third parties in order to complete M&As, raise capital and other projects. VDRs offer a cost-effective solution that eliminates the need for meetings in person and document storage spaces courier services, and office supplies.
Construction & Service Contracts
Contractors need to share a variety of confidential documents with each others to finish projects and to keep their business relationships. This requires a secure, reliable and secure tool that lets them access documents from anywhere with an internet connection. VDRs offer a secure alternative to physical files and emailing. They can be accessed via any device or from any location.
Biotech/Pharma Pharmaceutical R&D in life science companies requires top-of-the-line security, as well as a platform for collaboration on confidential documents with partners, investors and other stakeholders. These companies can use VDRs to monitor the progress of their research, study investor interest and track the ways in which documents are used by their users.