Strong Business with an Online Data Room
Virtual data rooms are an effective tool in many different business projects that require professional document storage and management as well as sharing. VDRs are utilized by businesses across all industries for a range of purposes, including M&A due-diligence, collaboration and more.
For instance, legal companies can cut down on paperwork and increase the efficiency of collecting legal data and transfer through a secure VDR. Investment banks employ VDRs for M&A capital-raising, IPOs and M&A in addition to facilitating strategic partnerships and financial transactions. Accounting and auditing firms are able to share and collaborate on documents with clients in a secure setting, making it easy to find specific information within large volumes of data.
The life science industry is dependent on intellectual property (IP), and it’s vital that R&D occurs with the highest possible levels of security. Life science companies use VDRs for everything from clinical trials results and HIPAA compliance to licensing IP and storing patient data. iDeals comes with all the standard features you expect from the VDR with the addition of a drag-anddrop file uploader along with auto indexing and numbering folders, as well as advanced search. It also allows collaboration in the document view and offers reporting tools that give you insights into which files are being viewed and at what often.
Users love iDeals the user-friendly interface and numerous functions, and robust reporting tools. The support team of the vendor is also appreciated for being available to answer any questions. Some users have complained that the program lacks a certain features and takes a while to figure out how to use.
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