A secure data room can be used to share secure, manage and archive documents online with selected third parties. VDRs are utilized by a variety of industries, but the most common use is in M&A projects, project management, fundraising, asset sales, and many more.
The top VDR providers offer a range of features to suit the individual needs of different types of users. They offer customizable folder structures as well as content templates, Q&A workflows, as well as powerful audit logs. They also have a short installation time, are simple to use and offer industry-leading customer assistance.
SecureDocs virtual information room, for instance allows companies to set up their deal rooms within minutes. Account activation is instantaneous and there’s no need to wait to speak to a salesperson. Companies around the globe trust SecureDocs to successfully complete transactions worth billions of dollars.
Attorneys rely on VDRs for due diligence and to share documentation with their clients and local mortgage brokers and banks to oversee the collection and sharing of documents for processing loans and loan applications with their external partners. VDRs are also used by manufacturers to ensure safe collaboration and distribution in large-scale contracts and projects. Venture capitalists, private equity companies, and hedge fund managers utilize them as well to streamline processes and guarantee confidentiality. These solutions are far more reliable than the standard file-sharing apps for the sensitive documentation that is required for M&A lifecycle management, IPOs and restructuring deals.