How to Choose a Virtual Data Room
Virtual Data Room (VDR) is a unique software product for business that reduces risks of data breaches. It also makes it easier for dealmakers to share confidential files across different 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 at the same time. Its security features such as multi-factor authentication session timeouts and location restrictions, granular permissions for users, and secure file viewer with watermarking, view-only mode, screenshot blocking, and encrypted downloads ensure the security of sensitive information and help prevent unwanted data leakage.
VDRs provide advanced collaboration tools, such as document annotations and Q&A sections. They also allow you to assign tasks, which can speed up the negotiation process. They’re typically more expensive than cloud storage options, but the cost is justified by their high-security and expert support.
When selecting a VDR be sure that it has dedicated areas on its site where you can read customer testimonials and customer stories. You should also look for a free trial offer, extensive options for deployment and a flexible data room interface. You should also determine if the provider offers a flat fee per month, or offers a variety of pricing options, including per page, per storage, and/or by user. Also, consider whether the vendor has a dedicated help center with videos and articles and live chat and phone support. iDeals is an excellent VDR with a user-friendly and comprehensive user interface, which lets you manage your data in a simple way. Its reporting system is particularly efficient and beneficial for analysis of data.