What Are Virtual Data Rooms?

Virtual data rooms are designed to facilitate collaboration. They provide an integrated platform that allows teams, partners, and clients to work and review documents in real time. They also include activity tracking and auditing capabilities that give a complete list of who has access to what information and when. This information can be used to detect suspicious activities and ensure conformity.

M&A – M&A transactions require a significant amount of documentation which must be reviewed and shared by the sell-side as well as the buy-side. VDRs are the ideal instrument to manage this process efficiently, safely and effectively.

Banking Investment banks require secure access to confidential documents from clients and other third parties in order to complete M&As as well as raise capital for other projects. VDRs are an efficient solution that eliminates the need for in-person meetings, document storage space as well as courier services and office supplies.

Construction & Service Contracts

Contractors need to share a large number of confidential documents with each other for the completion of projects and to maintain their business relationships. This requires a secure and reliable tool that permits contractors to access documents any time they have an internet connection. VDRs are a safe alternative to physical files and emailing. They can be accessible from any device or location.

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

limits of economic sanctions