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Online vdrs have travelled a long way. They are now easy to use, with clear pricing, functional functions that get used as well as a user-friendly interface 24/7 support, and more. The top ones offer high security, yet they don’t hinder your creativity, regardless of whether you’re at home, at work or in your pajamas.

Many companies and industries use online video conferencing to share documents in M&A transactions, asset sales, joint-ventures due diligence, audits, and post-deal integration. These projects typically involve the exchange sensitive information that has to be seen with the help of external parties.

Investment banks and law offices are heavy users of online vdr. Goldman Sachs, for example utilizes a virtual dataroom to control the sharing of confidential financial documents with other parties during its M&A deals. Similarly, CBRE, the world’s top real estate service company has integrated a safe VDR into its workflows to handle the property transactions and to share important documents with multiple parties in timely fashion.

During M&As lawyers must review a lot of documents in a short period of period of time. They must also ensure the information is thoroughly comprehended and analyzed to provide clients with advice on transactions that will meet their objectives. A VDR can facilitate the entire process and reduce the need for printing out documents, which can make it difficult to review. Additionally, online vdrs can be configured to stop printing and limit saving and copying.