For companies involved with mergers and acquisitions (M&A) bids, mergers and acquisitions (M&A), or other major projects, a modern virtual data room will facilitate collaboration. This is crucial when multiple parties are required to view documents at the same time. Advanced features like drag-and-drop functionality and high-quality previews of over 30 file types and bank-level encryption assure that your data remains secure and safe.

M&As typically involve the regular transmission of contracts between companies. A VDR is a convenient tool for attorneys as well as internal and externally regulated companies, accountants and other professionals who need to have access to documents during negotiations.

In addition the VDR makes it simple for companies to share documents with banks. This is useful when a company needs to raise money or is preparing to launching a public offering. A VDR allows you to share documents without exposing the company to security risks or ignoring rules of compliance.

A virtual data space can also permit electronic signatures. This is a major benefit for accountants, lawyers and other professionals who regularly request clients to sign documents. This can help you save time because you don’t need to send the documents back and forward.

A virtual dataroom is able to provide different levels of document rights including Fence View (view) Secure PDF Download (print) and Download Original Document (original document). In addition, users can apply watermarks to documents that contain the user name along with the IP address and date of document access. Users can also redact texts, images, or parts of documents.