A virtual data room (VDR) is an online repository that facilitates the secure sharing of documents for business. Its benefits are valuable to a range of industries such as banking, insurance and pharmaceuticals. VDRs can accelerate due diligence, enhance collaboration, and cut costs by removing the need to print, file or copy. They also help in M&A transactions as well as other large-scale deals.

iDeals provides support for 25+ file formats for business and offers drag-and-drop functionality to https://dataroomsales.com/board-room-software-is-a-helpful-hand/ upload folders and files into the platform. Searching for information is made simpler with optical character recognition and full-text search. Users can move, rename, delete, view and download files from the platform. iDeals lets users merge multiple files into one PDF document. The software offers 24/7 multilingual customer support via email, chat, and phone. iDeals is a low-cost option with many of the same features offered by other premium VDR providers.

SecureDocs, a robust virtual dataroom, is a favorite among law firms as well as financial service companies. Its unlimited storage and workspaces are perfect for all business sizes. This provider’s security features include audit trail reporting, multi-factor authentication, and SAML 2.0/SSO. It can also be white-labeled, and also has advanced Q&A capabilities.