A secure data room for business can be used to store, share and manage confidential documents with selected third parties in an online setting. VDRs are utilized by a variety of industries, most commonly in M&A and project management, fundraising, asset sales and more.
The top VDRs provide numerous features that meet the needs of different types users. These include granular settings for permissions for document visibility as well as powerful audit logs and analytics, customizable content templates and folder structures including Q&A workflows as well as support for multiple languages. They also have a quick installation time, are simple to use and provide industry-leading customer assistance.
SecureDocs virtual information room, for example lets businesses launch their deal rooms within minutes. Account activation is quick and easy – you don’t have to wait for a salesperson to call you. Companies around the globe trust it to facilitate transactions worth billions of dollars.
Attorneys rely on VDRs for due diligence and to share documents with their clients as do local banks and mortgage brokers to oversee the collection as well as the organization and sharing of processing and loan application documentation with partners from outside. Manufacturers also rely on VDRs for their secure collaboration and distribution of materials in large-scale contracts and projects, like venture capitalists, private equity firms and hedge funds, to streamline the process and ensure privacy. These solutions are much more reliable than the standard applications for sharing files to protect the sensitive documentation involved in M&A lifecycle management, IPOs and restructuring deals.