It’s whether you want to conduct due diligence, support collaboration or secure data exchange with third parties using a virtual data room, it will help you streamline these processes. The selection of the best VDR can be a daunting task. There are many providers that offer a range of features at different price points. This article provides a list of aspects to consider prior to making your final decision.
Life science companies like biotech pharmaceutical, medical, and biotech devices frequently engage in M&A or fundraising as well as strategic partnerships that require a significant amount of sharing documents. It’s therefore important to choose a vendor with robust features such as granular access rights for documents and control of versioning tools. iDeals provides these capabilities and more which include detailed reports and an intuitive interface for users.
Investment bankers commonly make use of VDRs to share confidential documents in their clients’ M&A processes. This requires a high degree of security and collaboration that investment bankers can offer through VDRs that have features like document annotations, Q&A sections, and tasks assigned. Modern VDR providers also provide comprehensive customer support. They provide live chat in-app telephone, email, and multilingual support, dedicated teams, and videos about their products. iDeals is an VDR with high performance and these key features, is a great example. We’ve used it for five years and it has helped us conclude many multimillion dollar M&A transactions. The iDeals support team is always there to help with any questions or concerns that we have. Their dedication and professionalism make them a reliable partner.