A data room app is a secure method of sharing files between internal and external teams. It is often employed in mergers and acquisitions as well as fundraising, business valuations and other similar scenarios. It can help prevent sensitive information from being divulged by unauthorised users. Key features include dynamic watermarking, granular permission control activities logs, and much more. iDeals offers a virtual information room that is user-friendly and customizable security options. It is perfect for compliance and legal companies, but it can be used by any business that requires a high level of security.
The platform supports a broad variety of file formats and features like drag-and-drop uploading, automatic indexing and intelligent search. Smart analytics give valuable insight into the system’s activities as well as a bird’s eye overview of collections of documents. Its strong data encryption and access control ensure an efficient and well-organized workflow. Other benefits include virus scanning data redaction, and an intuitive interface.
Platform is designed to be used by a broad range of industries. It comes with features such as custom branding, document level eSignatures and a unified client portal. The platform’s proprietary SmartLock Technology allows administrators to revoke document access even after the documents have been downloaded. It also works with Xero’s accounting software, and has a secure messaging feature that lets users communicate privately with the platform. It also comes with an inbuilt redaction feature that lets users hide any portion of a document they don’t want to share.