A data room application is a secure platform for sharing files with both internal and external teams. Commonly used in audits, mergers and acquisitions and fundraising, business valuations and many more, this platform helps to prevent sensitive information from being leaking due to unauthorised users. The most important features are dynamic watermarking, as well as granular permission control. iDeals provides a virtual data room that has a user-friendly interface and customizable security options. It is ideal for legal and compliance companies, but it could be utilized by any industry that requires a high level of security.
The platform supports a broad variety of file formats and features include drag-and-drop uploading, automatic indexing and intelligent search. It also offers important information about activity through smart analytics, which includes an eye-level view of document collections. Its strong data encryption and access control helps ensure an efficient and well-organized workflow. Other advantages include virus scans along with data redaction and an user-friendly interface.
The platform is designed to work with a variety of industries and provides features like custom branding, document-level eSignatures and a client portal that is integrated and an in-house project manager. Its patent-pending SmartLock technology allows administrators to revoke access to documents even after they’ve been downloaded. Additionally, it is compatible with the Xero accounting software and includes a secure messaging tool that allows users to communicate with each other privately within the platform. It also comes with a built-in redaction feature that allows users to conceal any part of a document that they don’t want to share.
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