https://myvirtualstorage.info/how-to-use-a-data-room-a-guide-for-dummies
Preparing for the purchase with VDR
The most popular use case for a virtual data room involves mergers and acquisitions that typically involve sharing sensitive data between two companies. A VDR can make this process much more efficient, speeding negotiations and delivering a better experience for all those involved.
A VDR isn’t just practical, but also secure. The documents stored in a VDR aren’t able to be accessed whether by service providers or hackers. This feature is especially important for companies involved in M&As which require a thorough due diligence process that involves the examination of numerous confidential documents.
A VDR also makes it easy for M&A teams to work in real time. The VDR lets potential buyers and sellers to access it at their convenience. This helps avoid scheduling conflicts and reduces the possibility of miscommunication. A VDR can also assist M&A teams monitor their progress, as it automatically logs all activities into a clear audit log. A VDR can also be a useful tool for sharing data that is difficult to communicate via email, like detailed financial reports and market research.