iDeals VDR provides an online collaboration platform that allows secure storage, file sharing and communication. With its mission to “create more prosperity in the world by accelerating high-stakes business decisions” the solution is a trusted companion for M&A transactions, due diligence or bankruptcy, restructuring and board communications. Its low-cost pricing and outstanding customer service, along with its customizable features, make it the most popular choice of data rooms.
The software lets administrators monitor all activities in the virtual data space by generating complete audit trails, which include files, downloads, searches, and time spent connected. Administrators can view the details in either PDF or Excel format. The tool also grants an incredibly detailed access to threads, which allows users to see only the discussions they’re permitted to view. The Q&A module can also allow administrators to create FAQs that can be used to answer frequently asked questions and boost collaboration on projects.
iDeals also offers a robust and flexible search feature. It employs a range of parameters to narrow the results and save admins time spent manually searching for keywords. It even detects duplicates and suggest possible matches to help speed up search. It also can automatically categorize documents based on keywords to make it easier to find them. Security measures include firewalls and encryption of data. Watermarks and restricted access are also available. It adheres to compliance rules such as GDPR, HIPAA and FERPA.
For user-friendliness, the tool has a simple interface that even less tech-savvy users can comprehend and navigate. The extensive documentation, video tutorials and FAQs are accessible to help users quickly. The team behind the platform is always ready to assist. In fact, iDeals has one of the fastest response times on chat and email in the industry. It offers a no-cost 30-day trial to new customers and is available on all desktop operating systems.