A virtual data room is a safe web-based repository that allows sharing of confidential documents. VDRs are typically employed to aid in M&A due-diligence, however they can also be useful in other collaboration processes, like auditing or regulatory review, tenders, and post M&A integration. A virtual data room is a valuable tool for any business looking to streamline its collaboration with external and internal stakeholders.
With the help of a VDR all users are able to access documents using a web browser or secure agent applications. Administrators can limit who has access to certain folders or documents. In addition, they can restrict who is able to print or take pictures of their screen. The administrator can also restrict the time that users can login to the VDR and their IP address. They can also set up the mode of ‘fence view which restricts the size of the document users can view if they’re concerned that someone may try to sneak a peek at sensitive information.
A VDR can be utilized by businesses with large volumes of sensitive documents to reduce the time required to finish a project. The VDR can also help to save money on printing and shipping documents and it will make it easier for users to look over the documents without having to travel to a physical location. In the case M&A due-diligence is required, a VDR is a cheaper option than paying for flights and hotel accommodations of bidders or expert who may otherwise need to visit the headquarters of the company to examine materials.