This due diligence process has traditionally used a physical data room to accomplish the disclosure of documents.
The data room enables the interested parties to view information relating to the business in a controlled environment where confidentiality can be preserved.
Conventionally this was achieved by establishing a supervised, physical data room in secure premises with controlled access.
This includes financial institutions that need to negotiate confidential customer information without involving third parties.
VDR can find application in any business that manages data in the form of documents, especially law firms, financial advisers or the B2B sector.
The latter work with documents that must always be handled and controlled confidentially, and it is difficult to store them securely when they are on a server that other people can access.
[citation needed] It automates the mathematics of pricing to prevent revenue leakage, and initially integrates CRM to ensure accurate synchronisation of all account data, which is important for B2B in particular and sales in general.