Being involved in a financial transaction of any kind, business people tend to choose solutions that maximize the process efficiency and minimize the working time. One of the most popular digital tools for business needs is a virtual data room – an online-based platform for easy and secure data storage and distribution. Previously, dealers had no choice than to use traditional land-based repositories, and thus experienced a number of difficulties: the impossibility of a parallel access to documents, heaps of paperwork, high cost on rent, etc. Modern virtual data rooms do not only cover all these issues, but offer many valuable opportunities for representatives of different industries.
In fund management, security and control are what values most. Either it is a private equity, venture capital or a hedge fund – the data about investors and investments has to be wholly protected; therefore, it is important to select only a trustworthy platform for all the operations with funds. iDeals is regarded as one of the top titles in the VDR industry as it guarantees not only the prominent security, but also the outstanding control over all the transactions. iDeals VDR has a lot of useful options that will make the documents exchange flow easy and controlled. See the most important ones:
The process of verifying a user to the data room always proceeds in two stages: entering the permanent password and typing down the one-session code that was sent to the user`s device.
- Setting permissions and restrictions
In order to gain control oven accesses of confidential files, owners set individual-based or group-based permissions on use. They can also restrict printing and downloading of the document, or make it impossible for the user to access the data room after the definite date.
- Activity tracking and reporting
Checking on the parties` performance is useful in two ways: first, it makes owners able to control the operations within the system; and, secondly, it allows them to determine the parties that are most anxious to cooperate.
Contents of the data room are entirely safe from camera attacks.
The operation of the print screening button is restricted when the data room is in use.
Users of iDeals VDR can work with Microsoft Office files as securely as with PDFs.
Watermarks that are present on each document contain the information about the owner, all the users who accessed it, and the character of operations with it.
Being a special place for communication between business partners, Q&A module can replace inconvenient face-to-face meetings. Users can drag the discussed documents into the Q&A space and continue discussing while indicating the mentioned parts of them.
Non-footprint mobile applications give process participants a possibility to work conveniently wherever they are.
This feature supposes locating the required information within the repository in an instant.
An organization has an opportunity to use its recognizable logo, style and colors in the data room. Settings are easily changed by each user.
As you see, iDeals VDR has everything the fund management project might require. This solution has already become a choice of many reputable professionals. Do not hesitate to test the service on your own!