Ideals Virtual Data Rooms Review

Robust security

Privacy is upheld when using Ideals Virtual Data Rooms. You can assign which people can access your documents as well as the duration of their access. To prevent unauthorized individuals from entering the room, you can switch on the two-step verification process, which requires an SMS code. Hackers who intend to spy on your deals, on the other hand, are dealt with through the platform’s “Fence View,” a feature that prevents camera-based attacks.

Moreover, Ideals lets you see who viewed each of the documents and for how long. Any unusual or malicious activity can be halted with an IP ban.

Hassle-free uploads

Ideals leverages the drag-and-drop function in uploading and distributing files on the platform to make things easy for users. It also supports bulk uploads, allowing users to upload all necessary files ahead of time, especially if they have multiple deals to close. File compatibility won’t be a problem since the software accepts over 25 file types. You can manipulate any of the documents, including the tables on digital spreadsheets.

File storage and organization

Ideals not only provides digital meeting rooms, but it also stores your deal-related documents in an organized manner. When a file is uploaded, it automatically receives an identification number. In this way, you won’t have trouble documenting the files needed per deal. Finding files is a painless process since the software applies smart filters to its search tool. Moreover, you can upload an unlimited number of documents if you opt to go with Ideals’ highest price plan.

Secure documents 

Users have the option to add watermarks to their documents on the platform. The watermarks can be set beforehand, so the succeeding uploaded files will bear your mark of ownership. In addition, the software has a built-in PDF converter, ensuring that your documents will be left untouched by all parties in the room.

Provides insights and reports

Knowing how well you’re doing in your dealings paves the way for improved sales strategies, and Ideals has got that area covered. The platform leverages data to populate charts and other visual representations that reflect bidder activity and acceleration analysis, among other information. Moreover, it provides a full audit trail from which you can track user activity in the data room.

Fosters collaborations

At its basic level, Ideals accommodates 10 guest users in the room, which is a big enough space for a small team and several bidders. However, should you choose to go with any of the higher plans, the number of guests becomes unlimited. You can conduct a full-scale bidding war in the room or bring any number of clients up to speed with your company and what it has to offer. The vast storage space the software affords lets you upload all the documents that you need if your clients have more queries about the company.

Close deals remotely

Ideals has a mobile app for Android and iOS users that syncs with the desktop. It carries the core functionalities of its desktop-based counterpart, which means you can close deals even if you’re at home or at a tropical paradise.

Reliable Support

Ideals’ customer success team is available 24/7, including weekends and holidays. You will get a response within 15 minutes. With this level of support, you can focus more on your business rather than the functions of the platform.