Today, businesses rely on the creation, transmission and receipt of data. Traditional mail and faxes play a part, as do electronic tools like email, FTP and cloud-based file sharing. But when it comes to managing vital company information in a safe, secure environment with an international network of users, a lot of companies are turning to the next generation of online data exchanges which are called virtual data rooms.

VDRs are advanced online information exchanges that offer robust document protection, communication and collaboration features. They are used to securely save and share documents as well as other media with an international network of users with 24/7 availability and support. They can be accessed from any computer, tablet or mobile device with internet access. They are perfect for confidential and sensitive documents and can be used to assist with various business activities including strategic partnerships, fundraising, and due diligence.

VDRs are used to help with due diligence during M&A transactions. Both the buy-side as as the sell-side require an area to keep, manage and review the documentation required. VDRs enable companies to simplify the process of strategic partnerships, which is a key element of growth strategies.

The technology behind online repositories is continually evolving. Many vendors offer different pricing models ranging from pay-per page upload charges to user fees for adding or deleting users. When choosing a VDR provider, you should consider the transparency of pricing and practical features that get used rather than extraneous ones that are rarely used. The iDeals platform is simple, user-friendly and highly efficient. We’ve closed 3 multi-million euro M&A transactions using iDeals. We have been very pleased with our customers.

http://dataroomcorp.com/best-virtual-data-rooms-for-board-communications/