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A Data Room Online Can Help You Expand Your Business
Virtual data rooms are a useful tool for many different business initiatives that require professional document storage, management and sharing. Companies from all industries use VDRs for many different reasons for example, M&A, due diligence, collaboration, and more.
For instance, legal companies can cut down on paperwork and increase the efficiency of collecting legal data and transfer by using a secure VDR. Investment banks use VDRs to simplify M&A, capital raising and IPOs, and also for facilitating strategic partnerships and other financial transactions. Accounting and auditing firms can share and collaborate on documents with clients in a secure environment and make it easy to locate specific information within huge volumes of data.
The life science industry depends on intellectual property (IP), and it’s vital that R&D is conducted with the most secure levels of security. Life science companies use VDRs to store patient files manage IP licensing and abide by HIPAA. iDeals has all the features you’d expect from the VDR that includes drag-and-drop uploader, auto-indexing, numbered folders and advanced search. It also allows collaboration in the document view and offers reporting tools that give you insight into which documents are being viewed and how often.
Users appreciate iDeals for its user-friendly interface, as well as extensive reporting tools. They also appreciate how the support team at iDeals is always ready to help with any queries. Some users complain that the application lacks basic functions and requires quite a long time to master.