While vdrs were designed with M&A https://vdrblog.com/why-is-data-security-important/ due diligence and the business in mind, they are also widely used by companies from different industries that require a secure online workspace during business transactions. From real estate to investment banking there are plenty of scenarios in which vdrs are useful and can streamline critical processes.

Intellectual property is essential for a variety of businesses. To protect it an effective platform for protection is required to share data with third organizations without putting their information at risk. In this case the use of a vdr with the ability to create granular folders and file-level permissions is essential. The ability to monitor user activity and audit it is a way to ensure the security of the most important data for the company.

The financial sector requires the highest level of security, especially when dealing with sensitive customer data. VDRs are equipped to meet this requirement and are generally an alternative that is more secure than email when sharing confidential documents.

The security features of vdrs can be extremely beneficial in investment banking processes such as IPOs, M&A, and capital raising. 24/7 access to a structured investigation space, task workflows, and a consistent role allocation all help to facilitate collaboration, making it much easier for dealmakers to close deals in record time.

Real estate deals are often extremely complicated that involve multiple stakeholders and huge volumes of documentation. A vdr is an extremely secure and safe environment for the exchange of the information, allowing all parties to read and comment on the materials at their leisure. This can save time and money and improves the overall experience of everyone involved in the transaction.