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Strong Business with an Online Data Room

Virtual data rooms can be a valuable tool in many different business projects that require professional document storage and management as well as sharing. VDRs are utilized by businesses from all industries for a variety purposes, such as M&A due-diligence, collaboration, and more.

A secure VDR can help legal firms cut down on paperwork, increase the efficiency of data collection and transfer and reduce costs. Investment banks use VDRs to streamline M&A, capital raising and IPOs, and also for facilitation of strategic partnerships and other financial transactions. Accounting and auditing firms can share and collaborate on documents with clients in a secure setting that makes it easy to find specific information within vast amounts of data.

Life science companies depend on intellectual property in order to carry out their R&D. It is crucial to ensure that they have the highest levels of security. Life science companies use VDRs to store patient data, manage IP licensing and comply with HIPAA. iDeals comes with all the features you’d expect from a VDR such as a drag-and drop file uploader as well as auto indexing and numbering folders, as well as advanced search. It also allows collaboration in the document view and provides reporting tools that give you insights into which files are being reviewed and how often.

The customers love iDeals for its user-friendly interface as well as the extensive reporting tools. The support team of the vendor is also well-known as they are able to answer any questions. Some users have complained that the program lacks basic functionality and takes a long time to learn.

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