Investment bankers often make use of virtual data rooms to accomplish numerous tasks. M&A capital-raising, M&A and IPO underwriting are a few instances. These processes require a large amount of sharing and storing, and using an advanced VDR solution can streamline the process for both parties.
Many of the top virtual data rooms offer secure storage for sensitive data. This means that you can upload documents, financial statements, and other due diligence files and be confident that they will be safe from the unauthorized access and deletion. Some of the most reputable vendors in the field, such as iDeals and Xero are equipped with robust security features that include multi-factor authentication as well as granular user rights, audit trails, and IP and time restrictions.
iDeals is an excellent option for M&A, due diligence and project management, and is suitable for small – to medium-sized companies and large corporations. It provides a simple and easy-to-use interface, as well as multiple file uploads, a resizable appearance, and the capability to assign group and user permissions for projects. It also offers a variety of reports about project activity, and is compatible with Apple iOS and Android devices.
iDeals is also a favorite for M&A and real estate administration and fundraising, and can be used by businesses of any size. It is suitable for short or long-term tasks, and can work with a variety of file formats. It also provides a variety of reporting options, such as monitoring of activity and security compliance.