Data rooms are a flexible and secure method of sharing confidential information. They are widely used by various industries to complete due diligence as well as collaborate during mergers and acquisitions (M&A), license IP or share audit reports and reports with clients. This article reviews the primary features and functions of virtual data room and provides tips on choosing a reliable provider.

The primary function of a VDR is to provide a flexible platform for collaborating on sensitive documents. Documents can be uploaded using 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 find the information they’re seeking.

iDeals allows users to add custom headers and footers to documents in a virtual data room, which allows for consistent branding throughout the project. Additionally, iDeals provides an optional PDF printer that can be used to create custom PDFs of documents in the virtual data room. Users can select the color and design of the watermark, and then leveraging analytics for organizational growth decide whether or not they would like to protect documents with passwords or require them to be printed or downloaded in order to view them.

iDeals Redaction feature safeguards sensitive information by blocking certain text fragments or images from any kind of document, such as documents such as doc, DocX, txt as well as ppt, pptx GIF, jpg, and more. iDeals also allows automatic redaction of Q&A files to ensure that sensitive information is not lost into the wrong hands.