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 or collaborate in mergers and acquisitions (M&A) or to license IP and share reports and audits with clients. This article provides a list of the key characteristics and functions of virtual data rooms and offers tips on how to choose the most reliable service.
The primary purpose of VDRs is to provide a platform that is flexible and allows users to collaborate on sensitive documents. Documents can be uploaded and synchronized using desktops, shared folders FTP, or corporate content management systems. Drag-and-drop lets users upload multiple documents simultaneously. The VDR’s search index helps them quickly find the information they’re seeking.
iDeals provides the capability to add custom headers and footers to documents that are displayed in the virtual data room which allows for uniform branding throughout the project. Additionally, iDeals provides an optional PDF printer that 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 would like to secure documents using passwords or require them to be printed out or downloaded in order to view them.
iDeals’ redaction feature protects sensitive information by blacking out particular text fragments or images from any kind of document, including the following types of documents: doc, docx and ppt. It also supports pptx, pptx, jpg, and gif. iDeals allows automatic redaction of Q&A documents to ensure that sensitive information doesn’t fall into the wrong hands.