Virtual Data Room Software
VDRs are more secure than physical rooms or traditional document management tools and do not require costly infrastructure. They can be scaled to accommodate unlimited users, at any time access from any location using desktop and mobile devices, and robust security features like watermarking user permissions and remote access retrieval. They also facilitate efficient collaboration that accelerates deal-making and reduces costs.
Mergers and acquisitions often require the review of large volumes of documents in a short period of time. This requires due diligence from several parties. Without the appropriate tools, this could be a challenge. A VDR allows companies to share confidential documents in a controlled and secure environment. This helps reduce risks and allows all stakeholders access to the documents they require.
Investment banks utilize VDRs to raise capital, conduct IPOs, and perform M&A. They need to transfer and access confidential documents in a secure and safe environment for due diligence, presentation to potential investors, and integrations post-transaction. They also require a user-friendly, multi-language interface that is compatible with their internal and external stakeholders and flexible pricing models, including per-storage and per-page.
Legal firms and law firms are another group who rely on a VDR to share documents with clients. They need a VDR with access control that is granular, search functionality and an easy approval process. They also want to reduce time using electronic signature features that eliminate the need for face to face meetings and speed up their real estate transactions.