A provider of data room software provides secure online storage of sensitive documents which you can share with anyone. It should also be easy to use, with a quick learning curve and 24×7 customer support.
Certain VDR providers offer additional services like training and consultation that can improve communication and assist you in preparing for important transactions. Certain VDR providers offer additional features such as an audit log as well as notification when access to the system is revoked. The value of these tools depends on the type and amount of transactions you plan to conduct.
iDeals provides advanced security features, including encryption and two-factor authentication. It also has an infrastructure that is constantly monitored to ensure uptime and virus scans. Its search engine is able to locate any document within seconds, and its optical character recognition tool is able to perform a full-text search across documents. Another helpful feature is dynamic watermarking that allows users to add their logos to documents and customize the way they appear when viewing, downloading or printing.
iDeals is suitable for all sizes of businesses and industries and sizes, making it among the most effective virtual data rooms. The user-friendly interface is simple enough for accountants at a beginner level to comprehend, but sophisticated enough for CFOs and senior management to appreciate. Other important features include the ability to track and share activity, the option to create a custom design, and the ability to assign permissions to projects. iDeals is available for the free trial, as well as three pricing plans.
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