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A virtual data room solution that supports workflows allows businesses to control the flow of documentation in a way that will ensure that business deals are completed quickly and without any critical security breaches. When choosing the right VDR solution provider, there are several important factors to be considered. This includes the range of tools offered by the vendor to streamline processes such as document revision and Q&A.
For instance, iDeals allows users to upload documents in over 25 formats, which speeds up due diligence and ensures that the appropriate files are being shared with the correct people. Users can also organize and share files according to roles and permissions creating custom folder structures for their folders as well as live document versions and collaborative editing tools. Moreover, the platform supports several file management applications and comes with advanced security features such as 256-bit AES encryption automatic backups, and document watermarking that protects sensitive information.
A virtual data room solution provider should also have the possibility of customizing the application and integrate it with existing software. This is especially important for companies that already have their preferred workflows and software and would like to integrate them with the VDR. iDeals for instance offers more than 30 integrations with business applications and allows users to create custom document templates.
When choosing the best VDR solution, it’s worthwhile to find out what other customers have to say about the product. You can check out VDR reviews on reviewer websites such as Capterra or G2. Check out the positive and negative reviews for each product in addition to the overall rating. Reputable vendors should have a good customer satisfaction rate and typically list this on their site.
