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Hugely popular with companies seeking to safely store and share confidential corporate data, virtual data rooms are bonafide online repositories of knowledge. Globally, the virtual data room market is projected to hit the $3.63 billion mark by 2026, an important indicator of the worth that companies attach to this software.
iDeals is one of the biggest players in the global virtual data room space, and the focus of this review. We explore the features of this virtual data room software, how it performs at due diligence, mergers and acquisitions, fundraising, organizational restructuring, and private equity. In a nutshell, we’re investigating whether iDeals virtual data room is the right fit for you.
Since entering the virtual data room space in 2008, iDeals virtual data room has carved a reputation for itself as a premium provider of the service. The iDeals data room is trusted by players from a wide variety of industries including investment banking, real estate, biotech licensing, and a host of others.
A big reason for the popularity of iDeals virtual room software is its interface, which is as comprehensive as it’s intuitively navigable. It takes a maximum of twenty minutes to deploy data rooms on the iDeals platform, and you’re not required to possess strong technical knowledge to operate the software.
Uploading documents to the virtual data room is enhanced by iDeals’ drag and drop feature, and once uploaded, the documents are watermarked and numbered automatically. Documents can also be stored and shared in the virtual data room in over 25 different file formats.
iDeals virtual data room’s watertight security is another interesting attribute. With a plethora of security protocols (such as the Fence View feature), this software ensures that your data is safe from the prying eyes of malevolent outside forces.
iDeals virtual data room pricing model is subscription-based. There are three subscription plans that differ depending on the company’s size and needs:
Every subscription plan allows an unlimited number of users but also differs in a number of projects and administrators as well as an available storage capacity and features included.
|Pro||1||5||Up to 10 GB|
|Business||Unlimited||Unlimited||Up to 250 GB|
|Enterprise||Unlimited||Unlimited||Up to 1 TB|
In addition to excellent security and an affordable virtual data room experience, these are other advantages that iDeals software provides its users:
Security is a non-negotiable aspect of the fabric that makes up virtual data rooms, and with a multitude of accomplished security protocols, iDeals has earned the right to be regarded as a premium data room provider for secure document sharing.
iDeals’ ‘Fence View’ feature prevents hackers from gaining access to your data through your device’s camera. Along the same lines, there’s a remote shred feature which can be used to provide or restrict access to your files to various viewers. With this feature, you can tag your documents with mobile watermarks or deny access rights to your documents, even after they’ve been downloaded.
iDeals software also includes a secure spreadsheet viewer for users to use. Secure online spreadsheet analysis, secure downloads, data encryption, watermark settings, and much more are all possible with the spreadsheet viewer.
Some virtual data rooms are so complicated, navigating them becomes challenging and cumbersome. iDeals virtual data room is quite the opposite; it offers intuitive, simple interface, and you wouldn’t need to download Java plugins just to get access to your documents.
First and foremost, you can access and manage virtual data rooms with ease, enjoying a variety of languages the platform supports — including Russian, Spanish, English, Chinese, Japanese, German, Turkish, French, Dutch, Korean, and others.
The software also allows for a single sign-in, eliminating the need for several user names and passwords to access different files and documents. The user interface has been optimized to perfectly match buyer requests list and offer the best possible viewing experience on all possible devices.
Document management is another area where iDeals excels. Its data room features a simple drag-and-drop interface for quickly uploading your papers into the system. The quantity of documents you can upload into the data room is completely unlimited. The process is quick and painless, with customers having the option of uploading multiple documents at once or in bulk.
And with support for more than 25 different file formats, plus automatic numbering and indexing support, you won’t have to spend more time than absolutely necessary preparing your documents.
One of the iDeals software’s most notable features is its Q&A constituent, which enables subscribers to compile a list of the most commonly asked questions and make it available to users at all times. This list can be drafted ahead of time and filled with all of the pertinent facts about your offer.
The status of the questions can be updated manually or automatically, allowing you to keep track of the state of the questions and assisting administrators in making better use of their time. iDeals virtual data room also generates comprehensive Q&A reports that can be saved for future legal purposes.
iDeals virtual data room provides four predefined roles, which you can assign to your users for a more secure control of your data. With iDeals, you can send out single or bulk user invitations, which allows you to welcome users one at a time or in one fell swoop, depending on your preferences.
You may also control who has access to data rooms, Q&A sections, and how often they are notified about new papers for all of your users.
Real-time reports are essential for the tracking of your campaigns, and iDeals virtual data room software comes up trumps in this area as well.
iDeals virtual data room software gives you access to audit trails that can keep track of all actions in the data room, allowing you to manage internal compliance.
You can also trace each user’s actions, including their search history, using the aforesaid feature. On iDeals, every document viewed, printed, and downloaded may be tracked. Not only that, but you can also see how long a person has been viewing a document.