A virtual data room (VDR) is an online repository that allows the secure sharing of business documents. Its functionality is invaluable to a variety of industries including insurance, banking, and pharmaceuticals. VDRs aid in speeding the process of due diligence and improve collaboration. They also reduce expenses by reducing the necessity to print, file, and copying. They are also useful in M&A transactions as well as other large-scale deals.
iDeals supports 25+ formats of business files and lets you drag and drop folders and files onto the platform. Character recognition with optical character recognition and a full text search allows users to locate data quickly. Users can view, download documents, move, rename or delete documents. iDeals allows board room software users to merge the content of multiple documents into a PDF file. The software provides 24/7 multilingual customer support via chat, email and phone. iDeals is a reasonable option with many of the same features offered by other premium VDR providers.
SecureDocs, a powerful virtual dataroom is a hit with law firms and financial service companies. Its unlimited storage capacity for data and workspaces make it suitable for a variety of businesses sizes. This provider’s security features include audit trail reports, multi-factor authentication and SAML 2.0/SSO. It can also be white-labeled and has advanced Q&A capabilities.