A data room app is a secure platform for sharing files between internal and external teams. This platform is often employed in mergers and acquisitions as well as business valuations, fundraising and similar situations. It prevents sensitive information from being divulged by unauthorized users. The most important features are dynamic watermarking and granular access control. iDeals offers a virtual information room that has a user-friendly interface and customizable security options. It is perfect for compliance and legal companies, but it can be utilized by any industry that requires a high degree of security.
The platform supports a wide variety of file formats, and features like drag-and drop uploading, auto 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 robust data encryption and access control helps ensure the efficiency and organization of workflow. Other advantages include virus scans along with data redaction and an easy to use interface.
Platform is designed to be used by a diverse range of industries. It comes with features such as custom branding, document level eSignatures and a client portal that is integrated. Its patent-pending SmartLock technology allows administrators to block access to documents after they’ve been downloaded. Additionally, it’s compatible with the Xero accounting software and includes an encrypted messaging tool that allows users to communicate privately within the platform. It also has an inbuilt redaction feature that allows users to hide any part of a document that they would not like sharing.