Virtual Data Room Software
What is Virtual Data Room Software (VDR)?
A VDR (Virtual Data Room) is an online platform with security that allows safe and easy sharing of large quantities of documents to third parties during M&A due diligence as well as fundraising, legal and many other. The most frequent use of VDRs is for prospective buyers to examine large amounts of documents and analyze them without having to worry about exposing confidential information. This makes VDRs beneficial for any company who needs to share sensitive data of its own with third parties in business transactions.
VDR software comes with a range of features that can improve workflows security, collaboration and workflow. Security features like 256-bit cryptography malware and virus scans, two-factor verification, and many others ensure that your data is always secure. Additionally, advanced analytics and reporting tools permit full audit trails of file activity. Collaboration tools, such as Q&A workflows and document tracking, streamline communication in deals.
Some VDR providers offer additional services, like training or consultation, which are available as part of a standard subscription. These can be very beneficial if you’re not familiar with the use of a VDR and need some extra instructions on how to start. Be sure to carefully read reviews before deciding on a provider that offers additional services. Certain review sites are financed by the vendors and could feature fake or biased reviews.
iDeals is a user-friendly cloud-based virtual data space with a drag and drop interface that lets users set up an entire project in less than 15 minutes, without any technical knowledge needed. It also boasts a firm dedication to data security and strong integrations with Salesforce Slack and Office 365, for ease of access, global accessibility and global accessibility.