Virtual data rooms can speed up your processes, whether to carry out due diligence, improve collaboration, or exchange secure data with third party. But choosing the right VDR provider can be a daunting choice. There are many providers who offer different features at various prices. This article outlines several important aspects to consider prior to making a final decision.
Life science companies, like biotechs, pharmas and medical device companies, typically engage in M&As, fundraising, or strategic partnerships that require a high degree of documentation sharing. Therefore, it is essential to choose a vendor with robust features like granular permissions for documents and control of versions tools. iDeals provides these and other critical capabilities which include detailed reports and an easy-to-use interface.
Investment bankers utilize VDRs often to provide confidential documents during M&A processes for their clients. Bankers who invest can provide an extremely secure environment and collaboration with VDRs that include features like document annotations, Q&A sections and task assignments. Modern VDR providers also provide extensive customer support. They provide multilingual customer support via email, phone in-app chat, as well as live chat. They also have dedicated teams and videos about their products. iDeals, one of the best VDR with top performance and these essential features, is a great example. We’ve used it for five years and it has helped us conclude several multimillion euro/dollar M&A transactions. The iDeals team is always there to answer any questions or concerns that we might have. Their professionalism and dedication make them a reliable partner.