A data room is a safe platform for sharing files between teams from both sides. The platform is frequently employed in mergers and acquisitions, as well as for fundraising, business valuations and other similar scenarios. It prevents sensitive information being leaked by unauthorised users. The key features include dynamic watermarking, advanced permission controls for activity logs, mergers and acquisitions, and many more. iDeals is a powerful virtual data room that comes with a friendly user interface and customizable security settings. It is perfect for compliance and legal firms, but it can be used by any business that requires a high degree of security.
The platform supports a wide range of formats for files and features like drag-and drop uploading, auto indexing, and intelligent search. It also offers useful information on activity through smart analytics, including a bird’s-eye view of document collections. Its data encryption is robust and access control ensure an efficient and well-organized workflow. Other benefits include virus scans and redaction of data, as well as an user-friendly interface.
The platform is designed to work with diverse industries and offers options like custom branding, eSignatures for documents, an integrated client portal and a dedicated project manager. The platform’s trademarked SmartLock Technology lets administrators remove access to documents even after the documents have been downloaded. It also works with Xero’s accounting system, and has a secure messaging feature that lets users communicate privately within the platform. It also comes with an integrated redaction feature that lets users hide any portion of a document they do not want to share.
