A secure data room for businesses provides a place to store and share confidential documents with selected third-party partners in an online setting. VDRs are used by a wide range of industries, but often during M&A, fundraising, project management, asset sales, and many more.
The best VDRs offer numerous features that cater to the needs of different types users. They have customizable folder structures Content templates, Q&A workflows, as well as powerful audit logs. They also have a fast set-up time, are simple to use and provide world-class customer assistance.
SecureDocs virtual information room, for example lets businesses launch their deal rooms in just a few minutes. Account activation is instantaneous – there’s no need for a salesperson to call you. It is trusted by companies across the globe to complete billions of dollars in successful transactions.
Attorneys rely on VDRs for due diligence and to share documentation with their clients and local mortgage brokers and banks to manage the collection and sharing of documents for processing loans and loan applications with external partners. Manufacturers also depend 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 speed up the process and ensure confidentiality. These solutions are far more reliable than file-sharing apps for the sensitive documents involved in M&A lifecycle management, IPOs and restructuring deals.