When people think of the online data room, they typically imagine a virtual setting that assists in conducting due diligence for mergers and purchases. A data room could also be used to share confidential information with professional service providers, such as accountants and law firms.
A real estate agent for instance, could use a dataroom to organize documents related to property sales. This includes copies of sale agreements and contracts, offers, inspection reports and photographs. This makes it easier for customers to find the information they need and reduces the amount back-and-forth over emails.
A virtual dataroom is beneficial for litigation, as it can be a secure and organized way to store huge volumes of confidential documents. Documents can be viewed and edited in a secure environment, and papers of changes can be created that can prove who made them. This can be an enormous advantage in court cases where the possibility to prove that an individual made a change is important.
A secure online dataroom is the best way to share and protect important documents, whether you’re working with colleagues or pitching investors. If you’re eager to learn more about how a digital information room can benefit your company take advantage of an appointment for a PandaDoc demonstration today.
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