A data room is a safe platform to share files with team members both from within and outside. It is often used in mergers and acquisitions as well as for fundraising, business valuations and other similar circumstances. It is a way to prevent sensitive information from being released by unauthorized users. The most important features are dynamic watermarking, as well as granular permission control. iDeals offers a virtual data room that is user-friendly and customizable security options. It is ideal for legal and compliance firms, but it can be used by any industry that requires a high degree of security.
The platform supports many file formats and offers features such as drag-and-drop, automatic indexing and intelligent search. Smart analytics offer valuable insight into the activity of the system as well as a bird's eye overview of collections of documents. Its robust data security and access control ensure an efficient and organized workflow. Other advantages include virus scanning, data redaction and an easy interface.
The platform is designed for a variety of industries and provides features like custom branding, eSignatures for documents along with a unified client portal, and an in-house project manager. The platform's patent-pending SmartLock Technology allows administrators to revoke document access even after the documents have been downloaded. Additionally, it's compatible with the Xero accounting software and includes an encrypted messaging tool that allows users to talk to each other privately within the platform. It also comes with a built-in redaction feature that allows users to block any part of a document they do not want to share.