Virtual data rooms are designed to improve collaboration by providing a central platform where teams, partners and clients can review and work on documents in real-time. They also include auditing and activity tracking capabilities that provide a complete history of who has accessed what and when. This can be used to detect suspicious activities and ensure that the system is in compliance.

M&A -deals M&A deals require a huge amount of documentation that must be shared and reviewed between the buy-side and sell-side. VDRs are an excellent tool to help manage this process efficiently in a safe and efficient manner.

Banking Investment bankers require secure access to confidential documents from their clients and third parties for M&A capital raising, as well as other projects. VDRs offer a cost-effective alternative for meetings in person and eliminate the requirement for document storage, courier services, office supplies, and office equipment.

Construction & Service Contracts

Contractors need to communicate a huge amount of confidential documents with each others to finish projects and to keep their business relationships. This requires a robust, reliable and secure tool that lets them access documents from any location with an internet connection. VDRs are a highly-secure alternative to physical files and emails that can be viewed from any device or place.

Biotech/Pharma — R&D for life science companies requires top-of-the-line security and a platform for collaboration on confidential documents with partners, investors and other stakeholders. They can use VDRs to track progress, analyze the interest of investors and monitor the ways in which documents are used by their customers.