Using virtual data rooms allow to significantly simplify the deal-making process and to increase its efficiency. It is achieved primarily by means of useful features that providers of virtual services offer to their clients. What is more, virtual data rooms are specially created for businesses, that is why they consider security the highest claim for all transactions within the repository. With the help of online repositories, clients can store their confidential data and distribute it securely to the interested parties when it becomes a necessity (for example, during the due diligence stage of the deal).
The party that is most interested in using a virtual data room for business transactions is a seller (target company), because with an online solution it gets much more possibilities. Check the following list to learn about the key benefits of using a virtual data room for the seller:
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Secure storing. With virtual repository, a target company is no more concerned about the safety of its confidential data. The administrators can check on the data anytime and make sure it is secure and protected from unauthorized access by means of encryption, watermarking and other safety-related measures.
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Easy and quick distribution. Parties can work with the documents simultaneously without disturbing the seller.
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Remote administration. All the users can access their accounts from any parts of the world where Internet connection is available.
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Greater control. Administrators can define which files can be accessed by certain users, and set restrictions on operations with these files (printing, downloading). Moreover, they can set the access expiry date, after which the user will not be able to view the contents of the data room.
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Getting insight. Administrators can use “Audit Report” feature to analyze the activity of various users within the data room and create visual reports. What is more, they can perform the analysis of issues discussed via Questions & Answers section and get a full picture about who the potential partners are and what their main interests are concerns appear to be.
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Convenient operation. There is no need to spend much time getting acquainted with the system. Best virtual data rooms allow personalized settings and have an intuitive interface.
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No additional costs. Sellers no more have a need to rent a physical space for storing documents, or hire IT and other specialists who take care of the data. The best providers of virtual services offer the free daily support to all their clients.
Therefore, with virtual data rooms, seller have a possibility to save money and to gain a better security and control of the sensitive data. However, it must be noted that these advantages do exist only if sellers choose the proper data room provider. iDeals is one of the best virtual data room providers, which is confirmed by its reputation in the business world. The company is recommended by many recognizable clients as the one which offers the most innovative solutions for businesses. Among the most prominent and useful features of Deals repository are the following:
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highest encryption standard in the field;
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dynamic watermarking;
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two-factor authentication system;
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flexible system of permissions;
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“Audit Report” feature and Q&A;
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no-footprint mobile application for Android;
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round-the-clock support.
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Learn more about these and the other important features by visiting iDeals official website. Select the best provider of virtual services for your business.
