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Virtual Data Room is a unique business software product that minimizes the risk of data breaches and makes it easy for dealmakers to share confidential files across different platforms and devices. It is designed for M&A, due diligence, litigation support, and other complex processes that require secure sharing of documents with multiple parties simultaneously. Its security features, such as multi-factor authentication session timeouts and location restrictions, granular permissions for users and a secure file viewer with watermarking, view only mode, screenshot blocking, and encrypted downloads ensure the safety of sensitive data and prevent unwanted leaks of data.
VDRs also provide advanced collaboration tools, including document annotations, Q&A sections, and the ability to assign tasks that speed up the contract-making process significantly. VDRs typically cost more than cloud-based storage options. However, the higher price is justified by their high-level security.
When choosing a VDR service, make sure there are areas dedicated to its website where you can read testimonials and stories from clients. Also look for a trial offer, extensive options for deployment, and a custom interface. Make sure the vendor charges a flat price per month or offers different pricing options such as by storage, per page or by user. Also, be sure to check whether the vendor has an on-site help center with videos and articles as well as in-app live chat and phone support. iDeals is a full and intuitive interface that allows you to manage your data with ease. The reporting system is efficient and beneficial for analysis of data.