Collaboration is required to share sensitive documents securely regardless of whether you’re conducting an M&A, a real estate transaction or preparing for board meeting or working with clients on the development of a project. Using a virtual space (VDR) ensures that all your important documents are secure and accessible simultaneously. VDRs also provide easy collaboration and document management tools. Not all VDRs, however, are made equal. Make sure you choose a VDR that offers a free test with multi-factor authentication (MFA), virus-scans, digital watermarks and auto indexing, and an integrated e-signature. This allows you to easily determine if the service is right for you.

iDeals Virtual Data Room, cloud-based application, has an intuitive user interface as well as a comprehensive set of tools to help with due diligence. Its granular permissions, search feature that uses metadata instead of traditional folder-based search, and document tagging enable teams to quickly access and find the appropriate documents. Furthermore the platform takes security seriously with two-factor authentication, mobile passcodes, granular download restrictions, as well as backups on the server.

Manufacturing contracts are billion-dollar deals that require a high level of security and efficiency. Online data rooms are used for M&A deals or project collaborations, as well as various other business processes. With advanced features such as a secure encrypted file transfer, an integrated e-signature, and reporting companies can streamline their projects and reduce risk. A data room can be used to facilitate internal collaboration, storage and to boost productivity.