A data room software provider can provide secure online storage of sensitive documents that you can securely share with anyone. It should also be easy to utilize, with a minimal learning curve and 24-hour customer assistance.
Certain VDR providers offer additional services, like training and consultation, which can aid you in preparing for important transactions and increase communication during a deal. Others may offer additional features, like an audit trail and notification when access is removed. The effectiveness of these tools is contingent on the type and volume of transactions you’re looking to conduct.
iDeals provides advanced security features, like encryption and 2-factor authentication along with an infrastructure that’s continuously monitored for uptime and virus scanning. Its search engine is able to locate any document within seconds and its optical character recognition tool allows for a full-text search across documents. Another helpful feature is dynamic mergers and acquisitions watermarking, which permits users to add their logos documents and customize how they are displayed when downloading, viewing or printing.
iDeals is suitable for all business sizes and industries which makes it one of the most effective virtual data rooms. Its user-friendly interface is simple enough for accountants at a beginner level to comprehend, but sophisticated enough for CFOs and top management to appreciate. Other noteworthy features include tracking and sharing activities and the ability to create a custom-designed project, and the ability set permissions for projects. iDeals is available as trial for free and three pricing plans.