It doesn’t matter if you’re conducting an M&A or real estate deal, or preparing for a board conference or working with clients on projects, you need to collaborate and share sensitive documents in a secure way. Utilizing a virtual room (VDR) ensures that your most important files are kept confidential and accessible at the same time. VDRs also offer simple collaboration and management of documents. Not all VDRs are created equal. You should look for one that provides the free trial, multi-factor authentication, virus-scan digital watermarks and digital signatures, as well as auto indexing and built-in E-Signature. This way, you can easily check if the service is suitable for you.
iDeals Virtual Data Room, an application that runs on cloud, offers a user-friendly interface and an extensive set of tools that support due diligence. Its granular permissions, search feature that makes use of metadata instead of traditional folder-based search, and document tagging allow teams to quickly access and find the appropriate documents. Additionally, the platform takes security seriously with two-factor authentication mobile passcodes, granular download restrictions, and server-side backups.
Manufacturing deals involve billion-dollar contracts and require a high level of security and efficiency. Online data rooms are utilized for M&A deals as well as project collaborations and many other business processes. Manufacturers can streamline projects with advanced features like a secure, encrypted data transfer, an integrated e-signature and reporting. A data room can be used to facilitate internal collaboration, storage and to boost productivity.