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A virtual data room (VDR) is an online repository that facilitates the secure sharing of documents for business. Its functionality is valuable to a broad range of industries such as banking, insurance and pharmaceuticals. VDRs can accelerate due diligence, enhance collaboration, and cut expenses www.dataroomsales.com/board-room-software-is-a-helpful-hand/ by removing the need to print, file or copy. They are also beneficial in M&A transactions as well as other large-scale deals.

iDeals supports 25+ file formats for business and lets you drag and drop files and folders onto the platform. The optical character recognition and the full text search help locate information quickly. Users can view, download documents, move, rename or delete documents. iDeals allows users to merge multiple files into a single PDF document. The software provides 24-hour multilingual customer assistance via chat, email, and phone. iDeals provides many of the same features other premium VDR providers provide.

SecureDocs, a powerful virtual dataroom, is well-known among law firms as well as financial service firms. Its unlimited storage and workspaces make it ideal for all sizes of businesses. Security features include audit trail reports, multi-factor authentication, and SAML 2.0/SSO. In addition, it can be white-labeled and comes with advanced Q&A functionality.