A provider of data room software provides secure online storage for sensitive documentation, allowing you to share it securely with anyone. It should also be simple to use, with a quick learning curve and 24-hour customer assistance.

Certain VDR providers also provide additional services, like training and consultation, which can assist you in preparing for major transactions and enhance communication during the course of a deal. Some may also offer additional features, like an audit trail and notifications when access is removed. The benefit of these tools will data room software provider depend on the type and volume of transactions you intend to conduct.

iDeals offers advanced security options, such as encryption and two-factor authentication. It also has an infrastructure that is continually monitored to ensure that it is always up and running as well as ensuring virus scans. The search engine can find any document in seconds, and its optical character recognition tool performs a full-text search across documents. Another helpful feature is dynamic watermarking that allows users to add their logos documents and change how they appear when viewing, downloading or printing.

iDeals is ideal for all businesses of all sizes and industries which makes it one of the best virtual data rooms. Its user-friendly interface makes it easy enough for accountants at a beginner level to understand, yet sophisticated enough for CFOs and upper management to appreciate. Other notable features include the capability to record and share information, the option to create an individual design as well as the ability to set permissions for projects. iDeals is available as an initial trial period of free, and three pricing plans.