Data rooms offer a scalable and secure way to share private information. They are extensively used by a variety of industries to complete due diligence, collaborate during mergers and acquisitions (M&A), license IP or provide audits and reports to clients. This article outlines the most important characteristics and functions of virtual data rooms, and provides suggestions on how to select a reliable provider.
The most important function of a VDR is to provide a flexible platform for collaborating on sensitive documents. Documents can be uploaded and synchronized from desktops, shared folders, FTP, or corporate content management systems. Users can also use drag-n’drop to upload multiple files simultaneously, and the VDR’s indexed search feature helps them locate the information they need quickly.
iDeals allows you to add custom headers and footers to documents in the virtual data room, which lets you maintain a consistent branding throughout the project. Additionally, iDeals provides an optional PDF printer which can be used to make custom PDFs of the documents in the virtual data room. Users can choose the color and design of the watermark and also decide whether or not they wish to secure documents using passwords or require that they be printed or downloaded to be viewed them.
iDeals redaction feature protects sensitive information by taking specific text or image fragments from any document that includes docx, txt PPTX jpg and GIF. iDeals also supports automatic redaction of Q&A documents to prevent sensitive information from falling into the wrong hands.