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Virtual Data Room is a unique software for businesses that reduces the risks of data breaches and makes it simple for dealmakers to share confidential documents across different platforms and devices. It is specifically designed for M&A due diligence, litigation support and other complicated processes that require secure document sharing with multiple parties at the same time. Its security features, such as multi-factor authentication sessions, session timeouts, geographical restrictions, granular permissions for users and a secure file viewer with watermarking, view-only mode, screenshot blocking, and encrypted downloads ensure the safety of sensitive information and help prevent unwanted data leakage.
VDRs also provide advanced collaboration tools, including document annotations, Q&A sections, and the ability to assign tasks that speed up the contract-making process by a significant amount. VDRs typically cost more than cloud-based storage options. However the cost is justified by their high-level security.
When selecting a VDR provider, ensure that it offers dedicated areas on its website to provide reviews and client stories. Also look for an offer for a trial, numerous options for deployment, and a customizable interface. Check if the vendor charges a flat price per month, or offers a variety of pricing options, including per page, by storage, and/or by user. Also, pay attention to whether the vendor offers a dedicated help desk with articles and videos and live chat and phone support. iDeals is an excellent VDR with an easy and a comprehensive interface that allows you to manage your data effortlessly. The reporting system is efficient and beneficial for data analysis.
