A data room application is a secure method of sharing files with internal and external teams. Most often, it is used during mergers and acquisitions, audits and fundraising, business valuations and many more, this application helps to prevent sensitive information from being leaked because of unauthorised users. Key features include dynamic watermarking, granular control of permissions for activity logs, mergers and acquisitions, and much more. iDeals is a sophisticated virtual data room that comes with an intuitive user interface and customizable security settings. It is ideal for legal and compliance firms, but it can be used by any industry that requires a high level of security.

The platform is compatible with a variety of file formats and offers features like drag-and-drop, auto indexing and intelligent search. Smart analytics provide valuable insights into the system’s performance as well as a bird’s eye look at the collections of documents. Its robust security of data and access control provide an efficient and well-organized workflow. Other benefits include virus scanning data redaction, and a simple interface.

The platform was designed for various industries and provides features such as customized branding, document-level electronic signatures, an integrated client portal and a dedicated project manager. The platform’s proprietary SmartLock Technology lets administrators remove access to documents even after the documents have been downloaded. It also works with Xero’s accounting program, and has a secure messaging feature that lets users communicate privately with the platform. It comes with a built-in redaction feature that allows users to hide any part of a document they do not want to share.

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