Virtual Data Solutions

Virtual data solutions provide centralized access to data via cloud or on-premises environments. It allows companies to consolidate data from different sources without the need for physical replicas or storage costs. The centralized data approach enables companies to improve business agility, innovate intelligently with connected digital devices and offer secure, dependable access to data.

Law firms employ VDRs to share confidential documents with clients, and other outside parties in different situations like class-action lawsuits, merger negotiations. The solution allows them to organize and transfer confidential information quickly and boosts efficiency by removing the need to schedule meetings to review files.

Venture capital and private equity firms often analyze several deals at once, and bring massive amounts of data that requires organization. They employ VDRs to Learn More share the data with other parties, and also to streamline the process to ensure they aren’t lost in the project.

Life science companies have to keep huge amounts of research data. They also need to secure the data and share it with investors. VDRs aid in managing the process effectively, and improve communication by enabling them to track the activity of documents and to send reports that are customized.

VDRs are used by businesses in the energy and manufacturing sectors to optimize their operations and to ensure data management. They also incorporate new technologies. They also benefit from a scalable infrastructure and flexible pricing models. For example, iDeals’s VDR provides different pricing models according to the type of project, required features security requirements, and degree of support.