A data room is a secure place to share files with teams discover this from both sides. The platform is frequently used in mergers and acquisitions, as well as fundraising, business valuations and other similar situations. It helps prevent sensitive information from being released by unauthorised users. The main features are dynamic watermarking and granular access control. iDeals offers a virtual data room with a user-friendly interface and customizable security options. It is ideal for compliance and legal firms, but can also be used in any industry that requires an extremely secure environment.
The platform supports a wide range of formats for files and features include drag-and drop uploading, auto indexing, and intelligent search. Smart analytics offer valuable insight into the system’s activities, including a bird-eye view of documents collections. Its robust data encryption and access control allow for an efficient and well-organized workflow. Other benefits include virus scanning, data redaction and an easy interface.
Platform is designed to be used by a broad range of industries. It comes with features such as custom branding, eSignatures at the level of documents and an integrated client portal. The platform’s patented SmartLock Technology lets administrators block access to documents after the documents have been downloaded. Furthermore, it’s compatible with the Xero accounting software and comes with an encrypted messaging tool that lets users communicate with each other privately within the platform. It also has an inbuilt redaction feature that lets users hide any portion of a document that they do not want to share.