https://www.thedataroom.online/corporate-valuation-a-guide-for-managers-and-investors

The virtual data room (VDR) is a secure platform for document sharing in many business scenarios. The VDR is a great tool for document sharing in any circumstance, whether it’s during due diligence, an IPO, or reorganization. The top VDR providers provide professional customer service via a variety of channels such as live chat via the app and via phone. Many of these solutions also offer multiple languages as well as training videos.

The most commonly used use case for the use of a digital data room is during due diligence in M&A transactions. During this time the sell-side has to provide all relevant documents to prospective investors, but also ensure that sensitive information remains secret. The VDR ensures all documents are accessed only by those who require them in order to complete their work. This is achieved by granting permissions granular to individual files and folders.

The structured file structure that is logical and easy navigation makes it easy to find the information you need. To further enhance the user experience, certain VDRs allow users to create a custom data room theme and add company logos to their dashboards.

Digital data rooms can be accessed by any device that has internet connectivity and a web browser. This flexibility facilitates communication between boards of directors and results in faster decision-making as well as a more efficient workflow. Additionally digital data rooms provide an audit trail of all activity, from the time a file is viewed to which IP address it was accessed from.