When dealing with business transactions or sensitive documents, the most effective way to securely share information is by using virtual data rooms. These platforms let companies complete important transactions and deals swiftly without the need for expensive physical storage.
Virtual data room software also gives users real-time insight into their deal activities. This allows them to better understand what their prospects are looking for and to tailor their offering accordingly, closing more deals faster. It also provides them with a detailed overview of how long their customers spend on certain documents, allowing them to analyse engagement levels.
Due diligence is among the most popular uses for virtual data rooms. It allows investors and sell-side parties to examine confidential documents in a safe environment. Reviewing tens, or even hundreds of thousands of documents is a long process that requires specialized tools. Thankfully, modern VDRs can automate this process, dramatically speeding up the review and approval process.
iDeals VDR provides intuitive configuration along with extensive functionality to make it simple for anyone to use. The platform is available in several languages, and allows for different document viewing rights including fence view, downloading PDF and many more. Its security measures ensure compliance with the industry’s regulations which include FERPA, GDPR, HIPAA and eIDAS.
Firmex offers a variety of functions, including managing groups and users, DRM, visual analytics and dashboards. The solution is suited to many industries. Notable customers include Pfizer and Baird. The company provides a two-week trial for free trial and the cost is based on an estimate.
