All iDeals Virtual Data Room Reviews
1-25 of 251 Reviews
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Chris
Verified reviewer
Investment Management, 11-50 employees
Used weekly for more than 2 years
OVERALL RATING:
5
EASE OF USE
5
VALUE FOR MONEY
5
CUSTOMER SUPPORT
5
FUNCTIONALITY
5
Reviewed March 2020
iDeals VDR review
we typically use iDeals software to run and manage virtual data rooms for ongoing transactions. We benchmarked the product against their key competitors and found iDeals to offer comparable product features at competitive pricing
CONSNo issues noted to date. Everything from initial set-up to operation has been flawless
Reasons for switching to iDeals Virtual Data Room
primarily due to value for money and functionality. Although, previous VDR software provider package became expensive on a per page basis when we exceeded our initial signed-up storage capacity
Jaimin
Pharmaceuticals, 11-50 employees
Used daily for less than 12 months
OVERALL RATING:
5
EASE OF USE
5
VALUE FOR MONEY
5
CUSTOMER SUPPORT
5
FUNCTIONALITY
5
Reviewed March 2020
Great product with great features!
Special features of iDeals data room which are not available in other data rooms as per our previous experience. The best feature in the iDeals data room is sharing the confidential documents with the external parties in a way that they cannot download/print the documents. Also the watermark in background will be generated automatically. Multiple admins can manage the data room, also the log can be monitored (i.e. timestamp of activity, who spent how much time on which document, etc.) Admin can limit the data room use in advance by setting up the end date and make it unable for external users. This helps to complete the review in timely manner.
CONSI could not find any cons for this product.
Reason for choosing iDeals Virtual Data Room
Better price, user friendly, better customer service as well as partners were familiar with this product better than the other!
Reasons for switching to iDeals Virtual Data Room
iDeals was able to provide the confidential platform with no downloads, no prints and automatic watermarks which helped us to share the documents with better security and confidence.
Cary
Computer Software, 51-200 employees
Used daily for less than 6 months
OVERALL RATING:
3
EASE OF USE
1
VALUE FOR MONEY
1
CUSTOMER SUPPORT
3
FUNCTIONALITY
4
Reviewed December 2016
Not so "Ideal"s
Data room seems good once you're in. But if you actually want users to be able to get in easily, you'd be best looking elsewhere. Spam blocking has made this almost impossible for users to receive invitations. Then they are instructed to "and @ideals and Ip address" to whitelist ... so then you need to get your corporate IT department involved and ask everyone you invite to do the same; so in this case, not really "ideal"s.
PROSlike the features once in
CONScan't get users into the room easily. 100% of the users I've invited have spent lots of time trying to figure out how to get in, even AFTER searching spam to find the link.
Pablo
Banking, 11-50 employees
Used daily for more than 2 years
OVERALL RATING:
5
EASE OF USE
5
VALUE FOR MONEY
5
CUSTOMER SUPPORT
5
FUNCTIONALITY
5
Reviewed August 2020
Excellent platform for M&A deals with a competitive price
10/10 with a competitive price and an easy-to-use platform
PROSEasy to use with a wide range of functionabilities including a well designed Q&A section
CONSLack of Spanish local team for a fast support
Reason for choosing iDeals Virtual Data Room
Good past experience with the product in past M&A deals
Reasons for switching to iDeals Virtual Data Room
Very expensive
Antoine
Investment Banking, 11-50 employees
Used weekly for less than 2 years
OVERALL RATING:
5
EASE OF USE
5
VALUE FOR MONEY
5
CUSTOMER SUPPORT
5
FUNCTIONALITY
5
Reviewed October 2019
High Value for Money: a Complete Solution
iDeals truly made our lives and that of the clients easier. The user-face is extremely user friendly and easy to manage, while the fees are very affordable to the client as well.
PROSUser friendly product and easily customizable: the interface is very flexible and allows you to truly customize the accessibility of every single file to each user on an individual basis. The support team is extremely helpful as well. The support team is available 24/7 and are very responsive and quick in tackling any issues. The value for money of this software compared to competitors put iDeals at a clear advantage point.
CONSI honestly could not find anything to dislike about the software. It is truly a great product 360 degrees.
Reason for choosing iDeals Virtual Data Room
The value for money is unbelievable. iDeals offers you a complete and thorough solutions for a relatively cheaper price compared to competitors
Reasons for switching to iDeals Virtual Data Room
Merrill DatasiteOne was 2 to 4 times more expensive than iDeals for the exact same services in terms of user-face and customization, 24/7 customer support and professionalism.
Raul
Oil & Energy, 51-200 employees
Used daily for more than 2 years
OVERALL RATING:
5
EASE OF USE
5
VALUE FOR MONEY
5
CUSTOMER SUPPORT
5
FUNCTIONALITY
5
Reviewed July 2019
Great Software
iDeals is a great product. Provides the level of security needed to ensure your documents are protected. Ease of use was fantastic and customer service is excellent.
PROSSecurity, User interface, and permissions flexibility.
CONSInstallation needed for downloading of encrypted files. Should be easier.
Reason for choosing iDeals Virtual Data Room
Pricing, Functionality, Security, Server Location Options, Friendly User Interface.
Piotr
Investment Banking, 51-200 employees
Used daily for less than 6 months
OVERALL RATING:
5
EASE OF USE
5
VALUE FOR MONEY
5
CUSTOMER SUPPORT
5
FUNCTIONALITY
4
Reviewed December 2020
Virtual data room for due diligence purposes
Easy to use, works quickly and without any bugs.
CONSThere should be more advanced features related to management of Q&A session as well as settings related to files availability, option which can be printed / downloaded / viewed (now it can be only done per document)
Reason for choosing iDeals Virtual Data Room
The same feature for better price by iDeals
Reasons for switching to iDeals Virtual Data Room
Cost effectiveness while similar key features that were important to us.
Chinmay
Management Consulting, 51-200 employees
Used daily for less than 2 years
OVERALL RATING:
5
EASE OF USE
5
VALUE FOR MONEY
5
CUSTOMER SUPPORT
5
FUNCTIONALITY
5
Reviewed October 2020
Prompt Customer Support
By far the best virtual data room service that I have come across with all industry par features at affordable pricing
PROSEasy to use, platform independent and suitable for amateur to professional users
CONSNothing really that could be called unsatisfactory about this platform
Reason for choosing iDeals Virtual Data Room
Ease of use, parity of features among others, affordability, customer service
Rajendra
Biotechnology, 201-500 employees
Used weekly for less than 2 years
OVERALL RATING:
5
EASE OF USE
5
VALUE FOR MONEY
5
CUSTOMER SUPPORT
4
FUNCTIONALITY
5
Reviewed April 2020
User friendly platform
This platform is very much user friendly to share data with internal & external clients. Providing restriction access to user allow us to secure confidentiality of data. Users can operate the software without any additional training. My external clients are happy to access iDeals data room.
PROSUser friendly and restriction for access
CONSNo capche code while login may gives false impression.
Reason for choosing iDeals Virtual Data Room
Compare with other available data rooms, iDeals is much better in all ways. Easy access, anyone can understand the platform, not required training to operate and low cost.
Harsh
Financial Services, 201-500 employees
Used daily for less than 12 months
OVERALL RATING:
5
EASE OF USE
5
VALUE FOR MONEY
5
CUSTOMER SUPPORT
4
FUNCTIONALITY
5
Reviewed December 2020
Amazing
Amazing, the software as well as the team (both Support & Sales) at Ideals was way to helpful.
PROS1. Data Security 2. Ease of use 3. Customer Support 4. Good User Interface
CONSUser reports should be more concised and crisp
Reason for choosing iDeals Virtual Data Room
1. Data Security 2. Cost Effective 3. Excellent support team
Naasik
Investment Banking, 5,001-10,000 employees
Used daily for less than 12 months
OVERALL RATING:
5
EASE OF USE
5
VALUE FOR MONEY
5
CUSTOMER SUPPORT
3
FUNCTIONALITY
5
Reviewed April 2020
Best bang for the buck VDR!
iDeals is definitely one of my go-to products now! Great overall product, very intuitive and unbeatable pricing!
PROSHaving used 10+ other VDR providers, I can say iDeals has my favorite UI / UX and ease of use. The price point is unbeatable by a mile so for budget conscious clients. For a typical middle market / lower-middle market M&A deal, the feature sets are more than adequate. I like the easy drag and drop functionality and I must say iDeals is the only vendor who allows drag and drop from email client function. Easy permissioning and user invites.
CONSI have not faced this issue myself but I am told by other colleagues they have had some security concerns about the platform. The customer support is also not as robust but frankly I did not need to use them as the product is very intuitive!
Reason for choosing iDeals Virtual Data Room
Bang for the buck!
Vinod Kumar
Pharmaceuticals, 1,001-5,000 employees
Used more than 2 years
OVERALL RATING:
5
EASE OF USE
5
VALUE FOR MONEY
5
CUSTOMER SUPPORT
5
FUNCTIONALITY
5
Reviewed November 2019
Simple and effective
We used iDeals virtual data room to host few documents for review by our consultants. The reviews were done without the need for a travel or meeting, yet the documents were shared in a secure and simple way than sending them through an emails.
PROSThe ease of use is unparalleled. It take less than 20 minutes to set up the virtual data-room and roll-out go-live. Security features are as expected. Users can be restricted from printing, downloading or viewing documents. Downloaded files are encrypted and watermarked. Q&A can be monitored through the tool. Allows visual customization such as adding your own logo.
CONSNothing specific. Allowing for pop-up message at the time of login to remind about confidentiality would've been nice.
Reason for choosing iDeals Virtual Data Room
Ease of use and time taken for go-live.
Nick
Information Services, 2-10 employees
Used daily for less than 2 years
OVERALL RATING:
5
EASE OF USE
4
VALUE FOR MONEY
5
CUSTOMER SUPPORT
5
FUNCTIONALITY
4
Reviewed March 2020
Good integration, security features
Product works well, has rich feature set. Although API documentation is weak, customer support was prompt and helpful in every case, including working with 3rd party apps like Okta for SSO.
PROSThe API is robust, the security features including fence view.
CONSThe API documentation is barely there. Had to work with customer service on pretty much every question.
Reason for choosing iDeals Virtual Data Room
Price, ability to trial, API feature set.
Rudolf
Financial Services, 1,001-5,000 employees
Used daily for less than 12 months
OVERALL RATING:
5
EASE OF USE
5
VALUE FOR MONEY
4
CUSTOMER SUPPORT
5
FUNCTIONALITY
4
Reviewed May 2020
Simple and Easy
Very good experience, happy to use it again. Good value of money as well.
PROSThe software is very easy to use, providing the user seamless ability to work with the data, especially as an administrator. The layout is intuitive, almost feels like it is too basic, yet we did not find anything missing.
CONSYou could work a bit more on push notification, especially with restrictions on space availability. Moreover, it is not clear whether documents in Recycle bin count in as used data?
Vendor Response
Dear Rudolf, Many thanks for your feedback! There is a notification available that informs your about reaching the certain Gb amount in your VDR. For your next project just reach out and we will help you to set it up. With regards to Recycle bin, if you would like to keep these documents as a part of VDR (and you would like to have a possibility to restore) they will be counted in. However, if you decide that you won't need them more, you can just empty the bin and they will be removed also from your overall Gb limit. Kind regards, Alexandra O'Brien Customer Success Manager
Replied May 2020
Steven
Construction, 51-200 employees
Used daily for more than 2 years
OVERALL RATING:
5
EASE OF USE
5
FUNCTIONALITY
5
Reviewed November 2020
iDeals just works
Easy to set up folder structure and upload all document types - simplicity is key and iDeals have met this criteria. The ability to send requests and Q&A through the structure is of great importance and again a criteria well met by iDeals followed through by the software sending emails to the recipients. Moving from document to document and the ability to download important ones is great.
CONSNone that come to mind which is strange as normally there's always something.
Eva
Financial Services, 2-10 employees
Used daily for less than 12 months
OVERALL RATING:
5
EASE OF USE
5
CUSTOMER SUPPORT
5
FUNCTIONALITY
5
Reviewed September 2020
Easy to use platform
Fast deployment, clear pricing, accessible support, easy to use and intuitive platform
CONSPricing (on the higher end vs competitors) given not much flexibitlity on sizing of deals
Reasons for switching to iDeals Virtual Data Room
functionality and the 3 months free trial
Mohamed
Legal Services, 51-200 employees
Used monthly for more than 2 years
OVERALL RATING:
4
EASE OF USE
5
VALUE FOR MONEY
3
CUSTOMER SUPPORT
5
FUNCTIONALITY
4
Reviewed August 2020
Enhancement
I usually use the VDR to share some files with my clients.
PROSi think the way to calculate the data specially for deleted data may need some enhancement. also it should have an alert if we got +90% usage from our quotes.
CONSgreat support easy to use stability and speed of the site.
Vendor Response
Dear Mohamed, Thank you so much for your review, we really appreciate your feedback! You can set up the alert in the room settings by accessing the "My notifications" section. There is a possibility to choose the specific data quote that should trigger the notification for you. Please reach out to our team in case you will have other questions. Kind regards, Alexandra O'Brien Customer Success Manager
Replied September 2020
Rok
Electrical/Electronic Manufacturing, 201-500 employees
Used daily for less than 2 years
OVERALL RATING:
5
EASE OF USE
5
VALUE FOR MONEY
5
CUSTOMER SUPPORT
5
FUNCTIONALITY
4
Reviewed November 2019
Great VDR tool
We are using iDeals VDR for bank reporting as well as for data request lists for potential investors. The tool is easy to use and easy to monitor the progress of uploaded documents as well as the access to the documents.
PROSThe projects in iDeals VDR are easy to set-up as well as uploading the documents is no-brainier.
CONSSetting up the users and collaboration is a bit tricky if adding new folders -> make sure to review document permissions settings when adding new folders
Reason for choosing iDeals Virtual Data Room
We found the iDeals VDR as the best at price to performance ratio
Ignacio
Real Estate, 11-50 employees
Used weekly for less than 12 months
OVERALL RATING:
4
EASE OF USE
5
VALUE FOR MONEY
4
CUSTOMER SUPPORT
5
FUNCTIONALITY
4
Reviewed April 2020
Good price to quality relation data room provider
Is an easy to use product, with all the necessary functionalities for a data room provider, good customer service and fantastic price to quality relation versus their main competitors
CONSIt usually gives errors while trying to upload big size documents or a big batch of documents in one go, and you have to retry multiple times until all documents are finally uploaded, taking quite a longer time than its competitors to upload all the required documentation to start a data room
Reason for choosing iDeals Virtual Data Room
Better pricing
Patricia
Law Practice, 2-10 employees
Used daily for less than 12 months
OVERALL RATING:
5
EASE OF USE
5
VALUE FOR MONEY
5
CUSTOMER SUPPORT
5
FUNCTIONALITY
5
Reviewed December 2020
Best on the Market
This is a very comprehensive product - all our our clients/users love it also.
PROSiDeals truly developed this platform comprehensively - from set up, reports, ease of use, support, billing. Staff are always open to recommendations and available to assist.
CONSWe were offered special pricing to extend our contract term. Our project ran over by 5 months, unexpectedly. It would have been nice to be able go back and have the special pricing honored.
Reason for choosing iDeals Virtual Data Room
iDeals is a robust, all inclusive product. Our clients and in-office staff are very pleased with iDeals and recommend this to everyone!
Faris
Financial Services, 2-10 employees
Used daily for less than 12 months
OVERALL RATING:
5
EASE OF USE
5
VALUE FOR MONEY
5
CUSTOMER SUPPORT
5
FUNCTIONALITY
5
Reviewed December 2020
Great product for a transaction data room
Great product and easy to use
PROSVery easy to use and adjust permissions.
CONSNothing at all. Everything about it is great
Reasons for switching to iDeals Virtual Data Room
Price
Trang
Legal Services, 51-200 employees
Used daily for less than 6 months
OVERALL RATING:
5
EASE OF USE
5
VALUE FOR MONEY
4
CUSTOMER SUPPORT
5
FUNCTIONALITY
5
Reviewed December 2020
Comfortable experience with iDeals VDR
It was the first time I used iDeals VDR as an administrator and I really enjoyed it every time I discovered an available function of your software with an aim to assisting my administration work. Very easy to use and a smart software for every user.
PROSI really like how the software can be deployed and accessed from anywhere in the world, especially with our team members based in various countries of the SEA. The manual handbook is easy to catch up and available anytime the user encounters trouble with manipulation. VDR has some automatic functions such as indexing of newly uploading files in order so that I do not bother with it or rearranging the files in order. It also allows many types of viewing the files.
CONSSometimes, the processing of viewing the files ran very slowly which made us wait for quite a long time.
Reason for choosing iDeals Virtual Data Room
I choose your VDR because it is voted and reviewed by many users as a top product.
José
Banking, 11-50 employees
Used daily for less than 6 months
OVERALL RATING:
4
EASE OF USE
3
VALUE FOR MONEY
4
CUSTOMER SUPPORT
4
FUNCTIONALITY
4
Reviewed September 2021
Gets the job done, not overly expensive and intuitive to use
1. In the desktop version, I liked that you could just drag files into the platform interface to upload them. 2. I also liked that a specific code and index was assigned to each file, thus facilitating the search of documents.
CONS1. When I drag various files from mi computer into the VDR, I could like to preserve the order in which these files are sorter. However, the files are uploaded in a totally random order. 2. It would be nice to be able to open a document or file directly in the VDR, without needing to download it into my desktop and then open the file. 3. There could be a separation line to distinguish between the code/index assigned to each file and the file name. If one of my uploaded documents is named with numbers (such as a date for example), it can get confusing when it is also preceded by the numeric code/index of the file.
William
Computer & Network Security, 51-200 employees
Used weekly for less than 12 months
OVERALL RATING:
4
EASE OF USE
5
VALUE FOR MONEY
5
CUSTOMER SUPPORT
5
FUNCTIONALITY
4
Reviewed July 2019
Review for internal corporate M&A activities
We are using the iDeals VDR for sell-side M&A activity, intellectual property/patent application usage, and for some partnering activity and some business dispute/litigation.
PROSSoftware is quite easy to set up and configure. Very streamlined user interface and the ability to set up multiple layers of security by user, by user group. Reporting capability is simple to use and provides pertinent information. Ability to do bulk export. Activating/deactivating and changing permissions is easy to administer. I liked the pricing model and renewal terms. Customer support (via email) was lightening fast.
CONSThere has been very little concern with iDeals VDR. In addition to our internal usage, our bankers, lawyers, due-diligence consultants and sales partners are all regular users - and we have not had a single issue or hiccup with the platform.
Gayle
Hospital & Health Care, 11-50 employees
Used daily for more than 2 years
OVERALL RATING:
4
EASE OF USE
5
VALUE FOR MONEY
3
CUSTOMER SUPPORT
3
FUNCTIONALITY
4
Reviewed November 2019
Review of Ideals
Very user friendly. Setting up folders and subfolders and uploading documents is very easy.
CONSQuite often fies cannot be opened once uploaded.