The virtual deal room industry is growing quickly and there are many companies that provide a high-tech online platform for the storage of business documents. VDRs do not all function like the others and some are better suitable for specific types of transactions or industries. Some of the more popular data room providers include iDeals, Intralinks, Firmex, Watchdox, Box, and Ansarada (for freelancers).
These platforms allow users to upload and transfer files in bulk and to organize them by indexing and directory listing. These platforms also provide a variety of security features that include timeouts, auto expiration and reports on activity in files. They also restrict viewing, printing and saving files. VDRs are an ideal choice to handle complex tasks such as diligence and compliance. Some also have one sign-on, and multilingual access to allow team members to collaborate.
The availability of customer service is also essential. Be sure to inquire the frequency of support and whether it’s available by phone, email, tickets, or live chat. It is best to select one that offers 24/7 customer support since it will enable you to get assistance quickly and easily when you need help.
iDeals is a well-established virtual data room provider that has been in business 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 can be adapted to reflect your brand. It also has a Q&A feature to facilitate collaboration among teams.