If you deal with sensitive business data, you need a virtual data room that offers both security and ease of use. Some of the features you should look for include a custom permissions hierarchy as well as dynamic watermarks to prevent document duplication and sharing and a full audit log of user activity. Find vendors that offer a a free trial and have experts in technical support.

iDeals provides an encrypted virtual data room solution for small, medium and large-sized businesses that blends collaboration tools with sophisticated security measures. Its scalable platform for sharing content makes it easy to share files with others and collaborate in real-time. It also provides valuable insights and reports to ensure transparency, accountability and efficiency.

The legal profession requires sophisticated software solutions to communicate with clients, perform due diligence, and negotiate deals. A centralized digital repository improves workflows and saves attorney’s time by allowing clients to look over documents from one place. The software can also be integrated with third application to automate processes and accelerate them.

Investment banks require a data room that can handle high-risk transactions. iDeals is the perfect solution for this kind of business since it comes with an upload speed of 5MB per second, SmartLock that allows revoking access to uploaded files after downloads, built-in redaction, and DocuSign integration. It is a popular option for M&A as well as structured finance and restructuring projects.

Life and health science companies produce an increasing amount of confidential data, including medical records as well as research results and much more. These companies need an effective method to safeguard sensitive information and navigate complex, time-consuming procedures such virtual data room for due diligence as licensing. A compliance-focused VDR allows these companies to share their clinical discoveries with a large number of users while ensuring the security and privacy of their data by using watermarking, advanced security control, private folders, and remote access to data.