A virtual data room (VDR) is an online repository that allows the secure sharing of business documents. Its functionality is invaluable for a variety of industries such as banking, insurance and pharmaceuticals. VDRs can speed up due diligence, enhance collaboration and lower costs by eliminating the need to print, file and copy. They also are useful for M&A and other large-scale deals.

iDeals supports over 25 file formats that are suitable for business use and lets you drag and drop files and folders onto the platform. Searching for information is made easier with optical character recognition and full-text search. Users can download, view documents, move, rename or delete documents. iDeals allows users to join the content of multiple documents into a PDF document. The software provides 24/7 multilingual support via email, phone and chat. iDeals provides many of the same features other premium VDR providers offer.

SecureDocs is a robust virtual data room that’s popular with law firms as well https://dataroomsales.com/ as financial service companies. Its unlimited storage and workspaces are ideal for all sizes of businesses. Security features include audit trail reports, multi-factor authentication and SAML 2.0/SSO. It can also be white-labeled, and it has advanced Q&A capabilities.