Virtual Data Room (VDR) is a distinctive software product designed for businesses that lowers the risk of data breaches. It also makes it easier for dealmakers to share confidential files across different platforms and devices. It is specifically designed for M&A, due diligence, litigation support, and other complex processes that require secure document sharing with many parties simultaneously. Its security features, such as multi-factor authentication, session timeouts, location restrictions, granular user permissions and a secure file viewer with watermarking, view only mode, screenshot blocking, and encrypted downloads ensure the safety of sensitive information and help prevent unwanted leakage of information.
VDRs provide advanced collaboration tools, such as document annotations and Q&A sections. They also allow you to assign tasks which can speed up the deal-making process. They’re typically more expensive than cloud storage services but the cost is justified by top-quality security and expert support.
When choosing a VDR ensure that there are dedicated areas on its site where you can read customer testimonials and customer stories. You should also look for a trial offer, extensive deployment options, and a customizable data room interface. In addition, look into whether the vendor has a fixed monthly cost or different pricing options like per-storage, per-page and/or per-user. Be sure to check out the help section of the vendor which could include videos and articles, as well as phone and in-app support. iDeals is a full and user-friendly interface that allows you to manage data efficiently. Its varied reporting system is particularly useful and beneficial when it comes to analysis of data.