Online vdrs have travelled a long, long way. They are now easy to use, offering transparent pricing, functional functions that get used as well as a user-friendly interface 24/7 support, and more. The most reliable ones are safe, but they never hinder collaboration, even when you’re in your pajamas at home, or on the go.

Many industries and companies utilize online video conferencing to share documents during M&A transactions, asset sales, joint-ventures, due diligence, audits, and post-deal integration. These projects typically involve the exchange of sensitive information that needs to be reviewed collaboratively by external parties.

Law firms and investment banks are major users of online vdr. Goldman Sachs, for example makes use of a virtual dataroom to handle the sharing of confidential financial documents with other parties during its M&A deals. CBRE, the largest real estate company in the world, also integrates the use of a VDR into their workflows to handle transactions and share important documents with a variety of parties.

In M&As lawyers generally review numerous documents within a short amount of time. They must also ensure the information is understood and analyzed so that they can give clients advice on transactions that are in line with their goals. A VDR can facilitate the entire process and reduce the need for printing out documents, which could make it difficult to review. Additionally, online vdrs can be set up to block printing and limit copying and saving.