www.vrdatastorage.org/building-a-strong-business-model/
Strong Business with an online Data Room
Virtual data rooms are a useful tool for many different business initiatives that require professional document storage and management as well sharing. VDRs are used by companies across all industries for a number of reasons, such as M&A due diligence, collaboration and more.
A secure VDR can help legal firms streamline their paperwork, improve the efficiency of data collection and transfer, and reduce costs. Investment banks use VDRs for M&A capital-raising, IPOs and M&A in addition to facilitating strategic partnerships and financial transactions. Accounting and auditing companies can communicate with clients in a secure environment which makes it easier to locate specific data in vast amounts of data.
The life science industry relies on intellectual property (IP), and it’s essential that R&D happens under the highest possible levels of security. Life science companies use VDRs for everything from clinical trials results and HIPAA compliance to licensing IP and storing patient files. iDeals offers all the features you’d expect from a VDR including drag-and-drop uploader auto-indexing and numbered folders, as well as advanced search. It also enables collaborative work in the document view and provides reporting tools that provide insight into which documents are being viewed and how often.
Users like iDeals its user-friendly interface, vast functions and powerful reporting tools. They also appreciate that the support team of the company is always on hand to assist with any questions. However, some users say the software isn’t equipped with common features and takes a while to learn how to use.