A virtual data room (VDR) is a secure online repository which allows businesses to share sensitive documents with others. While there are many free file-sharing tools available on the market, they don’t offer the same level of security that a dedicated data room can provide. In addition, these tools do not provide the ability to set access settings or auditing capabilities, which are critical when sharing confidential business data with others.
When it comes to due diligence, M&A, and corporate financial transactions, companies must to ensure that all parties involved in the transaction are able to work together smoothly. A virtual data room is a great way to reduce the stress associated with these kinds of processes through facilitating simple collaboration and management of documents. However, not all VDRs come with the same capabilities, so it’s important to know what you should be looking for before selecting a service.
iDeals, a well-known VDR that is a solution that can be used for M&As, due diligence and other business operations that require a lot of effort. It is extremely user-friendly and comes with desktop and mobile applications with a multilingual interface and advanced tools for user and document management. iDeals also offers a variety security certificates to prove the reliability of its infrastructure and security of sensitive information.
In contrast to other providers, iDeals has a graphic user interface that is easy to use. This makes it easier for users navigate the site and locate exactly what they’re looking for. It also supports multiple languages and a drag and drop feature for bulk uploading of files. iDeals also comes with a variety of tools to protect files, such as watermarking and auto-indexing.