The business realm is changing and developing rapidly. The new players emerge all over the globe, the new connections between companies are established disregarding the geographical location of those involved, the transactions are executed within days, hours or even minutes – the deal-making is no more limited with time and space restrictions. All these alterations are tightly connected with the processes of pervasive globalization and digitalization. As the business is taken to the virtual space companies face the need to share large volumes of corporate information online. Thus, sensitive and highly confidential documents are stored and exchanged in the virtual venues. The new risks appear together with the new opportunities: although digitalization enhanced the business performance, it also brought new threats to data security. In such conditions, the demand for new technologies and solutions that would guarantee data safety grows.
Virtual data rooms emerged to satisfy this requirement. Being accessible 24/7 worldwide this online repository for digitalized documents provide the users with the environment which is convenient for deal-making and, simultaneously, remains highly secure. Hence, the users can keep on making business online and stop worrying about data theft, loss, or misuse. The double profit inherent to VDRs explains the growing popularity of the service. More and more vendors appear on the market to offer their services. However, potential VDR users must be attentive: before entrusting data on huge money deals to software developers the reputation and reliability of the provider should be checked and verified.
iDeals belongs to the top-10 of leading players on the VDR market. During more than eight years of the company’s operation, it has gained the reputation of the vendor capable of offering the virtual platforms that will significantly reduce the time and costs of deal-making. A virtual data room by iDeals is usually equipped with the set of functions perceived as industry’s standard and, at the same time, enhanced with numerous advanced features.
First of all, iDeals cares about the data security. Its VDR has a complex security system that includes such functions as 2-step user verification process, regularly changing passwords, strong 256-bit data encryption, “fence view” option that prevents camera-based attacks, dynamic watermarks, firewalls, virus protection, regular data backup, etc. To guarantee that the authorized users have an access to the right information, the VDR allows room administrators to segregate the users into permission groups according to the relevant level of data disclosure. In addition, regular audit reports provide the room owners with the information on all the activity that took place in the VDR: who entered the virtual data room, when, how long for, which documents were reviewed, downloaded, altered, etc. – all these aspects are included in the report.
Despite concerns connected with documents and access security, the company minds the clients’ convenience and comfort. Therefore, the room has the user-friendly interface available in eight languages – Russian, English, German, Spanish, Portuguese, Turkish, Chinese, and Japanese. Advanced search functions together with filtering capabilities speed up the work inside the data room. The same outcome has the integration of the VDR with Microsoft Office software: the users do not have to waste time on conversion of files as the room allows them to work with multiple file types. Q&A section makes communication between the sides of the deal more smooth and meaningful: all the users have access to the branches of questions and answers that are linked to certain documents. In addition, the professional support team is ready to assist the users 24/7 365 days a week to fix the emerged problems and to prevent potential crises.
Thus, iDeals proves to be a highly reliable and trustworthy vendor. Its data rooms have the fame of functional and secure venues for deal-making. A long list of customers that are represented by well-known players in the business sphere indicates the vendor’s experience and reputation: iDeals is the company capable of satisfying the requirements of the most meticulous and demanding customers.
