When people think about online data rooms with an online environment that allows to conduct due-diligence for mergers and acquisitions. However it is possible for a data room to be used for a webdata-room.blog/top-10-most-significant-ma-deals-ever-made range of other purposes in business, including offering a secure method to share information with consultants and professional services providers like law firms and accountants.

A real estate agent for instance, can utilize a dataroom for organizing files related to property sales. This includes copies and offers of contracts as well as inspection reports, sale agreements and other papers. This allows customers to find the information they require and reduces the amount back-and-forth over emails.

A virtual dataroom can be useful in litigation, where it can be a secure and organized method of storing large volumes of confidential documents. Documents can be viewed in a secure environment, and documents can be compiled to show who made the changes. This is a huge advantage in court cases where the possibility to prove that an individual changed their mind is essential.

If you’re pitching investors for investment or working with colleagues or working with colleagues, a secure online data room is the ideal solution for sharing and protecting important documents. Schedule a PandaDoc Demo today if you’re interested in finding out more about the benefits of a digital dataroom to your company.