A data room application is a secure platform for sharing files with internal and external teams. Most often, it is used during mergers and acquisitions, audits and fundraising, business valuations and other occasions, this platform can help to protect sensitive information from being leaked due to unauthorized users. The key features include dynamic watermarking, advanced permission controls as well as activity logs and many more. iDeals is a sophisticated virtual data room software that has an intuitive user interface and adjustable security settings. It is ideal for compliance and legal companies, but it could be utilized by any sector that requires a high degree of security.

The platform supports a wide variety of file formats and provides features such as drag-and-drop uploading, automatic indexing and intelligent search. Smart analytics provide valuable insight into the system’s activities, including a bird-eye overview of collections of documents. Its robust data security and access control will ensure an efficient and well-organized workflow. Other advantages include virus scanning, data redaction, as well as an easy interface.

The platform is designed to work with a variety of industries and options like custom branding, document-level eSignatures and a client portal that is integrated, and an in-house project manager. The platform’s patented SmartLock Technology lets administrators restrict access to documents even after the documents have been downloaded. It’s also compatible with Xero’s accounting software and also has a secure message feature that lets users communicate privately within the platform. It also comes with a built-in redaction feature that allows users to conceal any part of a document they don’t want to share.