A secure data room can be used to share information, manage and store confidential documents online with selected third parties. VDRs are used extensively in a variety of industries. They are most commonly employed during M&A fundraising, asset sale as well as project management.

The top VDR providers offer a range of features that can meet the needs of various kinds of users. They offer customizable folder structures and firmex data room and security content templates, as well as Q&A workflows and powerful audit logs. They also come with a quick setup time, are easy to use and offer industry-leading customer support.

SecureDocs virtual information room, for example allows companies to set up their deal rooms in minutes. Account activation is instantaneous, there’s no requirement for a salesperson to call you. SecureDocs is trusted by businesses across the globe to complete billions of dollars in successful transactions.

Attorneys rely on VDRs for due diligence and to share documents with their clients as do local mortgage brokers and banks to oversee the collection as well as the organization and sharing of the loan application and processing documents with their external partners. VDRs are also utilized by manufacturers to ensure an encrypted collaboration and distribution of large-scale projects and contracts. Venture capitalists, private equity companies, and hedge fund managers use VDRs to simplify processes and ensure security. These solutions are far more reliable than standard software for sharing sensitive documentation that is required for M&A lifecycle management, IPOs and restructuring deals.