Strong Business with an online Data Room
Virtual data rooms are an effective tool in many different business initiatives that require professional document storage and management as well sharing. Businesses of all kinds use VDRs for a variety of purposes, including M&A, due diligence, collaboration and many more.
A secure VDR can help legal firms cut down on paperwork, improve the efficiency of data collection and transfer and reduce costs. Investment banks utilize VDRs to streamline M&A, capital raising and IPOs, and also for facilitation of strategic partnerships and other financial transactions. Accounting and auditing firms are able to share and collaborate on documents with clients in a secure environment and make it easy to locate specific information in huge volumes of information.
Life science companies depend on intellectual property to do their R&D. It’s important to ensure that they have the highest security levels. Life science companies use VDRs for everything from clinical trial results and HIPAA compliance to licensing IP and the storage of patient files. iDeals offers all the features you would expect from the VDR that includes drag-and-drop uploader, auto-indexing, numbered folders, and advanced search. It also lets you collaborate within the document view, and has reporting tools that give you a better understanding of the types of documents that are viewed and when they are viewed.
Customers love iDeals’ user-friendly interface, vast functions and powerful reporting tools. They also appreciate the fact that the support team from the company is always available to help with any questions. However, some users say the software isn’t equipped with common functionality and that it takes some time to master how to use.