Virtual Data Room (VDR) is a distinctive software product for business that reduces risks of data breaches. It also helps dealmakers to share confidential documents across various platforms and devices. It is specifically designed for M&A, due diligence, litigation support, and other complicated processes which require secure sharing of documents with multiple parties simultaneously. Its security features, such as multi-factor authentication session timeouts and location restrictions, granular permissions for users and a secure file viewer with watermarking, view only mode, screenshot blocking and encrypted downloads guarantee the security of sensitive information as well as preventing unwanted leaks of data.
VDRs also provide advanced collaboration tools, such as document annotations, Q&A sections and the ability to assign tasks that speed up the contract-making process considerably. They are usually more expensive than cloud storage options however the higher cost is justified by the high-level security and professional support.
When selecting a VDR be sure that it has dedicated areas on its website where you can read testimonials and customer stories. Also, look for the opportunity to try a trial program, extensive options for deployment, and a customizable interface. Additionally, you should check if the vendor offers a flat monthly cost or different pricing options like per-storage or per-page, and/or per-user. Take note of the help section of the vendor, which may include videos and articles, as well as phone and in-app assistance. iDeals is a great VDR with a user-friendly and extensive UI that allows you to manage your data in a simple way. Its varied reporting system is particularly useful and beneficial in analysis of data.