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Data rooms offer a flexible, secure platform for sharing confidential information. They are used extensively by various industries to complete due diligence and collaborate during mergers and acquisitions (M&A) and to license IP or share audit reports and reports with clients. This article will highlight the main characteristics and functions of the virtual data room and provides tips for choosing a reliable service.
The most important function of the VDR is to provide a platform that is flexible and allows users to collaborate on sensitive documents. Documents can be uploaded from desktops or shared directories, FTP, or an enterprise content management system. Drag-and-drop lets users upload multiple documents simultaneously. The VDR’s search engine helps them quickly locate the information they are searching for.
iDeals provides the capability to add custom headers and footers for documents displayed in the virtual data room, which ensures consistent branding throughout the entire project. In addition, iDeals provides an optional PDF printer that can be used to create customized PDFs of documents in the virtual data room. Users can select a watermark pattern and color, and choose whether or the document is secure with passwords, or if it has to be printed out or downloaded for viewing.
iDeals’ redaction feature protects sensitive information by blocking out specific text fragments or images from any type of document, including the following types of documents: doc, docx, ppt, pptx, images in gif, jpg, and png. iDeals allows the automatic redaction of Q&A file to prevent sensitive information falling into the wrong hand.