Virtual data rooms (VDRs) are business applications which allow the safe and secure sharing of sensitive corporate documents. They are commonly used in M&A capital raises, strategic reviews and tenders. They can be utilized by companies of any size and sector. They are accessible via web browsers or mobile apps. They provide expert support through multiple channels including live chat, phone, and email. Their customer service teams usually speak several languages and are able handle even the most complex requests.

VDRs are typically used for due diligence in M&A transactions, when prospective buyers require a platform for reviewing documentation. VDRs are beneficial in any situation where sensitive information is required to be reviewed by third parties.

Some VDRs include advanced encryption in transit and at rest, granular document permissions, as well as discrete access and revocation procedures. This ensures the security of the most vital information in your business and helps prevent https://boardmeetingtool.net/financing-mergers-a-guide-to-modern-methods/ data theft by unauthorized parties. You can customize documents and folders, using options like watermarking, blind view, disabled print and much more.

Other features that are important include streamlined communication and collaboration via Q&A as well as an integrated chat tool and granular permissions for individual documents. VDRs are more transparent than other document management systems and can help you make better decisions using analysis, reports and versioning. They can help automate tasks that would otherwise be time-consuming or tedious. This can reduce manual errors particularly during high-risk transactions or lengthy processes.