Virtual data rooms (VDRs) are business applications which allow the safe and secure sharing of sensitive corporate documents. They are usually used during M&A, strategic reviews, capital raises and tenders. Companies of all sizes and industries can use them. They are often accessed via web browsers, or through dedicated mobile apps. They provide professional customer support through multiple channels, including in-app chat or phone, as well as email. The customer service team are typically multi-lingual, and can handle even the most complex requests.

The most frequently used use for VDRs is M&A due diligence, in which potential buyers require an opportunity to review the documentation of the company. VDRs can be useful in any situation in which sensitive documentation must be reviewed by third parties.

Some VDRs include advanced encryption in transit and at rest along with granular permissions for documents, and discrete access and cancellation procedures. This protects your most crucial information and prevents data theft from unauthorized parties. They also allow the personalization of folders and documents with features like watermarking, printing disabled, blind view, and many more.

Other key features include an easier way to communicate and collaborate through Q&A, an integrated chat tool and granular authorizations for individual documents. VDRs offer more transparency than other systems of document management, and can help you make better choices in terms of reports, analytics, and versions. They can automate tasks that would otherwise be lengthy or time-consuming. This can help reduce the chance of errors made by hand, especially during high-stakes transactions or document-heavy processes.

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