A virtual data room (VDR) is an online repository that facilitates the secure sharing of business documents. Its capabilities are beneficial to a range of industries such as banking, insurance and pharmaceuticals. VDRs can speed up due diligence, enhance collaboration and lower https://www.dataroomsales.com/which-document-formats-does-ma-virtual-data-room-recognize/ costs by removing the need to print, file or copy. They also help in M&A transactions and other large-scale transactions.

iDeals provides support for 25+ business file formats and allows drag-and-drop to upload files and folders into the platform. Optical character recognition and full text search make it easier to find information quickly. Users can move, rename, delete, view and download documents on the platform. iDeals allows users to join the content of multiple files into a PDF document. The software provides 24-hour multilingual support via phone, email and chat. iDeals offers many of the same features that other premium VDR providers offer.

SecureDocs is a powerful virtual data room popular with law firms as well as financial services companies. Its unlimited data storage and workspaces make it ideal for businesses of all sizes. Security features include audit trail reports, multi-factor authentication and SAML 2.0/SSO. In addition, it can be white-labeled and has advanced Q&A capabilities.