Investment bankers use virtual datarooms for a range of tasks. M&A, capital-raising and IPO underwriting are some examples. These processes require a significant amount of information sharing as well as storing, and an advanced VDR solution can make it easier to manage the process for both parties.
A lot of the top virtual data storage facilities also provide an encrypted storage system for sensitive data. This means that you can upload contracts, financial statements and other files related to due diligence and be sure that they will be secure from any unauthorized access or deletion. Some of the top companies in the market, such as iDeals and Xero have strong security features that include multi-factor authentication and granular user permissions. audit trails, as well as IP and time restrictions.
iDeals offers a clean and easy-to-use interface, multiple uploads of files, a custom design, and the ability to assign group and user permissions for projects. It is suitable for medium and small-sized businesses as in large corporations. It comes with an easy and user-friendly interface, supports multiple file uploads, is customizable, and lets you set permissions for users and groups. It also provides a variety reports about the project’s activities and is compatible with Apple iOS devices and Android devices.
iDeals is also well-known for M&A and real estate management, and fundraising, and can be used by businesses of any size. It is suitable for short and long-term projects and can be used with a variety of file formats. It also comes with a range of reporting options, including security compliance and activity tracking.