The virtual deal room industry is growing rapidly and there are numerous providers that offer a high-tech online platform for the storage of documents for business. However not all VDRs are created equal, and some are better suited to certain kinds of transactions and industries. Some of the most well-known data room providers include iDeals, Intralinks, Firmex, Watchdox, Box, and Ansarada (for freelancers).
These platforms allow users to upload and move large files, and organize them with directories or document indexing. These platforms also provide various security features that include timeouts, auto expiration and reports on file activity. They also limit access to, printing and saving files. VDRs are an ideal choice for complex processes such as diligence and compliance. Some VDRs also provide multilingual access and single sign-on for team members.
The availability of customer support is also vital. Find out when the support is available, and if it’s via email or phone, tickets, live chat, etc. It is recommended to select a service that provides 24/7 customer support, as it allows you to get assistance quickly and easily when you need help.
iDeals has been a virtual data room service for more than 14 years. Deloitte and American Airlines are among its clients. The secure online platform of the company is simple to use, and it can be adapted to reflect your brand. It also comes with a Q&A section to encourage collaboration between teams.