There are numerous virtual data room providers there, and choosing the right one can be a difficult task. Aside from the price there are other elements like features security requirements and support level to consider. iDeals Virtual Deal Room offers numerous features that can be tailored to any type of project or number of users. It also lets you select the number of workspaces and administrators you need. It is important to choose a provider of virtual data rooms that offers 24/7 support and multiple communication channels such as chat, phone and email. In this way, if you ever have any issues with the software you will receive prompt assistance from a support representative.

A trusted virtual deal room provider will have several layers of security. Look for features such as 2-factor authentication and timed access expiration and IP-address-based accessibility limitations. You should also look for an electronic watermark that reveals who viewed and downloaded the file as well as when. You can also deactivate the access to files downloaded from devices.

Having complete control over the platform and your data is critical for any project. Virtual data rooms with audit trail functionality are a great way to ensure compliance, locate missing files, find out if there is unauthorised access to the platform, provide insight in the case of a dispute and ensure that you have all the information required in case of an emergency.

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