Virtual Data Rooms

Virtual data rooms are online platforms that enable document storage, sharing, and collaboration–completely remotely. They do away with the need for infrastructure and provide anytime, anywhere access as well as secure access to users through permissions and access logs. They encourage stakeholders to interact with each other, thus accelerating the deal.

VDRs are used by companies and organizations to store and share sensitive documents that are of great value in a transaction. This includes mergers and acquisitions due diligence processes, regulatory filings as well as investor relations, fundraising and other corporate events.

Investment bankers utilize VDRs the most. They aid both sell-side (buy-side) and the buy-side (sell-side) in financial transactions, by preparing documents and facilitating negotiation. They are usually looking for an easy, quick solution to manage the process.

Life science companies are often dealing with sensitive documents like research findings, patents and clinical trial results that must be stored in a secure setting. This makes them a perfect choice for VDRs.

Ultimately, it is best to compare features, cost-points security, implementations of security, and usability in a free trial. This will allow you to make the best choice that will meet your unique requirements. It is also essential to look into options for customization, such as the ability to add watermarks or branding your data room, as well as in-depth reports that provide executives in the C-suite with the information they need to make informed decisions quickly. iDeals offers all of these features and more. You can also try the platform with a free trial.

document retention encryption