Virtual Data Room Software

VDRs are more secure than physical rooms or traditional document management tools, and don’t require costly infrastructure. They are scalable to infinite users, with anyplace, anytime access from desktop and mobile devices. They also come with benefits of an online data room tough security features like watermarking, permissions for users and remote access retrieval. Plus, they allow for effective collaboration which speeds up deal-making while reducing costs.

Mergers and acquisitions typically involve reviewing large amounts of documentation in a short period of time. This requires due diligence from several parties. Without the proper tools, this can be a challenge. A VDR allows organizations to share confidential documents in a secure and controlled environment. This reduces risks and allows all stakeholders the ability to review documents they require.

Investment banks depend on VDRs to raise capital, IPOs, and M&A. They need to be able to access and transfer confidential files quickly in a secure, safe environment for due diligence and presentation to potential investors. They also require an easy-to-use interface that can accommodate their internal and external stakeholders in a variety of languages, and with flexible pricing models such as per-storage by-page, or per-user.

Legal firms and law offices are another group that rely on VDR to share documents with clients. They usually require a secure VDR which provides granular control over access to sensitive data and a simple search feature and a speedy process for document approval. They also wish to save time by using e-signature features that remove the need for meetings in person and expedite their real estate transactions.