The market for virtual deal rooms is expanding rapidly and there are numerous companies that provide a high-tech online platform for the storage of documents for business. VDRs don’t all function like the others and some are better suited to certain types of transactions or industries. Some of the most well-known data room providers include iDeals, Intralinks, Firmex, Watchdox, Box, and Ansarada (for freelancers).
These platforms allow users upload and move large files and organize them with the directory listing or document indexing. They also provide a variety of security features, such as auto-expiration and timeouts, reports about file activity, and restrictions on printing, viewing, and saving files. VDRs are a great option for complicated processes such as diligence and compliance. Some VDRs also provide multilingual access and single sign-on for team members.
Another important aspect to consider is the availability of customer support. Be sure to inquire the frequency of support and whether it’s accessible via phone, email, live chat, or tickets. You should select a company that provides 24/7 customer support. This will allow you to get answers quickly and easily should you have any questions.
iDeals is a well-established virtual data room provider that has been in industry for more than 14 years. Its clients include Deloite and American Airlines. The secure online platform of the company is easy to use, and can be customized to reflect your brand. It features a Q&A section to facilitate collaboration among teams.