The virtual deal room industry is growing rapidly and there are numerous providers offering a modern online platform for storing business documents. VDRs do not all work exactly the same way and some are more designed for certain types transactions or industries. Some of the most well-known data room providers are iDeals, Intralinks, Firmex, Watchdox, Box, and Ansarada (for freelancers).
These platforms let users upload and move large files and arrange them in the directory listing or document indexing. They also provide a range of security features that include timeouts, auto expiration and reports on activity in files. They also limit printing, viewing and saving files. These features make VDRs an excellent choice for complex processes like diligence and compliance. Some VDRs offer multilingual access and single sign-ons for team members.
The availability of customer support is also important. Be sure to determine when it’s available and if it’s offered via email, phone live chat, or tickets. It is best to pick a provider that has around-the-clock customer support since it allows you to get assistance quickly and easily when you need help.
iDeals is a well-established virtual data room provider that has been in the business for more than 14 years. Its clients include Deloite and American Airlines. The secure online platform of the company is easy to use, and it can be customized to reflect your brand. It also includes a Q&A section to encourage collaboration between teams.