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Data rooms are a flexible and secure way to share confidential information. They are widely used by a variety of industries to complete due diligence, collaborate during mergers and acquisitions (M&A) or to license IP, or provide audits and reports to clients. This article highlights the key advantages and benefits of a virtual data rooms and offers tips on choosing a reliable provider.
The primary function of a VDR is providing a flexible platform to collaborate on sensitive documents. Documents can be uploaded from desktops or shared directories as well as FTP or an enterprise-level content management systems. Drag-and-drop allows users to upload multiple documents at once. The VDR’s search engine helps them quickly locate the information they’re searching for.
iDeals lets users create custom headers for documents that are displayed in a data room virtual, allowing for uniform branding across the entire project. iDeals also offers an additional PDF printer that can be used to create custom PDFs of documents displayed in the virtual data rooms. Users can choose the color and pattern of the watermark, and choose whether they want to secure documents using passwords or require the documents to be printed or downloaded in order to view them.
iDeals redaction feature helps protect sensitive information by removing specific text or image fragments from all types of documents that includes docx, txt images, and pptx. iDeals also supports the automatic redaction of Q&A attachments in order to keep sensitive information from falling into the wrong hands.