A virtual dataroom permits businesses to share their documents securely with a limited number of outside parties. This is usually done via secure links that have multiple layers of permissions. This can help prevent data leaks and security breaches while allowing for quick sharing. VDRs can be used to share confidential financial documents in M&A transactions or loan syndication. You may also wish to share sensitive intellectual property in an agreement with pharmaceutical companies.

Mergers and Acquisitions

For companies involved in mergers and acquisitions, a thorough due-diligence requires an immense amount of document review. A VDR allows teams to securely and quickly share confidential files as well as with remote board members. The best VDRs are able to offer upload speeds up to 5MB per second. SmartLock, which revokes access even after downloading documents as well as DocuSign and redaction built-in integration and dedicated project managers, can assist you in completing deals faster.

VDRs can also provide detailed activity tracking and report to provide transparency and accountability in the course of due diligence. This includes granular information about what files are being viewed and by whom, and what actions they take with each file. This information helps to inform business decisions during the deal process and ensures compliance with regulatory requirements. VDRs that have integrated Q&A capabilities can Data Insights assist users quickly and effortlessly locate the answers they need from experts within their team, or from advisors outside of the team.