Strong Business with an Online Data Room
Virtual data rooms are an effective tool for many different business projects that require professional document storage and management, as well as sharing. VDRs are used by companies across industries for a variety of reasons, including M&A due diligence, collaboration and more.
A secure VDR can assist legal firms streamline their paperwork, increase the efficiency of data collection and transfer, and reduce costs. Investment banks make use of VDRs to simplify M&A, capital raising and IPOs, as well as for facilitating strategic partnerships as well as other financial transactions. Accounting and auditing firms are able to collaborate and share documents with clients in a secure setting that makes it easy to locate specific information within huge volumes of information.
The life science industry depends on intellectual property (IP), and it’s essential that R&D takes place with the most secure levels of security. Life science companies utilize VDRs to store patient data manage IP licensing and ensure compliance with HIPAA. iDeals comes with all the features you’d expect from an VDR with drag-and drop uploader, auto-indexing, numbered folders, and advanced search. It also allows collaboration in the document view and provides reports tools that give you insights into which documents are being viewed and how often.
Customers appreciate iDeals for its user-friendly interface as well as the extensive reporting tools. The support team of the provider is also praised for their ability to answer any questions. Some users have websites complained that the program is lacking in basic functions and requires an incredibly long time to master.