A data room app is a secure method of sharing files with both internal and external teams. Often used during audits, mergers and acquisitions as well as fundraising, business valuations and many more, this application helps to prevent sensitive information from getting leaked due to unauthorized users. The main features are dynamic watermarking and granular access control. iDeals provides a virtual data room with a user-friendly interface and customizable security options. It is perfect for legal and compliance companies but can be utilized in any field that requires an extremely secure environment.
The platform supports a wide variety of file formats and features include drag-and drop uploading, auto indexing and intelligent search. Smart analytics offer valuable insight into the system’s activity as well as a bird’s eye view of the collection of documents. Its strong data encryption and access control allow for an efficient and well-organized workflow. Other advantages include virus scans along with data redaction and an intuitive interface.
The platform is designed to work with a variety of industries and offers features like custom branding, document-level board software services and expertise eSignatures and a client portal that is integrated, and an in-house project manager. The platform’s patent-pending SmartLock Technology lets administrators revoke document access even after the documents have been downloaded. Furthermore, it’s compatible with the Xero accounting software and comes with 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 which allows users to hide any part of a document that they do not want to share.
