When you are working with sensitive business data and documents, you need a secure data storage space that offers security and ease of use. The most important features to look for are a custom permissions hierarchy and dynamic watermarks that block duplicated documents and sharing and a full audit log of the user’s activities. Vendors that provide a free trial and offer expert technical support are the best option to select.
iDeals is a secure virtual dataroom solution which combines collaboration tools with sophisticated security measures. Its scalable content-sharing platform makes it easy for users to share files and collaborate in real-time. It also offers valuable insight and reports to ensure transparency, accountability and efficiency.
Legal industry needs advanced software to communicate with clients and conduct due diligence. A central repository for digital documents improves workflows and can save attorneys time by allowing clients to review documents from one place. The software can be integrated with third parties to automate procedures and accelerate them.
Investment banks require a dataroom capable of handling high-risk deals. iDeals’ upload speed is 5MB per second. SmartLock, which allows users to deny access to files after downloading, integrated redaction, and DocuSign integration make it perfect for this industry. It is a favorite option for M&A as well as structured finance and restructuring projects.
Healthcare and life science companies produce an increasing amount of confidential data, such as medical records, research results, and much more. They require a reliable solution to protect sensitive data and help to navigate the complicated and lengthy processes, including licensing. A compliance-focused VDR enables these companies to share their research discoveries with a large number of users while protecting privacy and security via watermarking and granular security controls such as private folders, and remote data access.