Established in 2008, iDeals is a cloud-based and customer-oriented platform providing convenient, fast and secure VDR services to different kinds of businesses. Among the industry solutions it works with, there are debt financing, litigation, document repository, bankruptcy, fundraising, virtual data room due diligence, M&A buy and sell, clinical studies, restructuring, private equity, hedge funds and a range of others. Read on iDeals virtual data room review to find out more.
This data room service provider is proved to be one of the most user-friendly and straightforward companies catering to the needs of businesses in this market segment. New users can start working with the company right away, and they don’t need any additional training to get the advantage of all of its available functions.
One of the most sought for qualities of iDeals is that it is able to set up a VDR in just 15-minute’s time. This flashing speed makes it stand out from all the other competitors in this sphere, who usually need from several hours to several days to establish a room.
The main features of this provider include the following:
- Data storage management and data protection;
- Document tagging;
- Project and procurement management;
- Due diligence, M&A management;
- Role-based permissions;
- Anonymity management.
Among other important features of iDeals virtual data room are text search, two-factor authentication, data hosting, and spreadsheet viewer. The company lets its users make a personalized data room to upload information and documents in the folder structure, invite and set permissions for particular users, collaborate with them using Questions & Answers feature.
It is compatible with mobile devices and works on Android, iOS, and Windows. Extensive support services are offered 24/7 via phone and email. Moreover, the platform has an online help center and provides live training. It supports many languages: English, German, French, Spanish, Portuguese, Japanese, Chinese, Turkish, Italian, Polish, Russian, and Dutch, and it also provides translation services.
Among the company’s clients are Rothschild, Bank of America, Wells Fargo, PWC, Starbucks, Shell, UBC and many other industry giants.
Advantages of iDeals VDR Use
Virtual data room reviews generally speak well of this company emphasizing its strong sides, high-quality services, and perfect functionality. iDeals virtual data room is also a good value for money – the software is less expensive than VDRs of other providers. Besides, users can get a 30-day trial for both Basic and Pro Plans, which is amazing news for those choosing among a number of secure VDRs and hesitation which one to opt for.
- No plugins required to work with iDeals VDR;
- It supports more than 25 file formats which grant relief from preparing special documents;
- It supports a number of languages for users from different countries;
- It takes around 15 minutes to establish a secure data room online;
- The services are a bit cheaper than of its competitors;
- You can invite dozens of users at a time;
- Well cared for security and responsive customer support.
- One user in his iDeals virtual data room review stated that he had to ask customer support for help because the pre-established data room index was somehow confusing.
- Another user claimed that some people didn’t manage to receive invitations because of mail filtering.
But overall, iDeals is an ideal platform for both an experienced and first-time user that allows uploading huge amounts of data and work effectively making use of all of its features.