A virtual data room (VDR) is an online virtual data room repository that facilitates the secure sharing of documents for business. Its features are useful to a broad range of industries such as banking, insurance and pharmaceuticals. VDRs can speed up the due diligence process enhance collaboration, and reduce costs by eliminating the need for printing, filing, and copying. They also aid in M&A transactions as well as other large-scale transactions.
iDeals supports 25+ file formats for businesses and allows you to drag and drop folders and files onto the platform. Searching for information is made simpler with optical character recognition and full-text search. Users can view, download as well as move, rename and delete documents. iDeals allows users to merge multiple files into a single PDF document. The program provides 24/7 multilingual support via phone, email and chat. iDeals is an affordable alternative that comes with many of the same features as other premium VDR providers.
SecureDocs, a robust virtual dataroom, is popular among law firms and financial service firms. Its unlimited storage and workspaces are ideal for all businesses. Security features include audit trail reports, multi-factor authentication and SAML 2.0/SSO. Furthermore, it can be white-labeled, and it has advanced Q&A capabilities.