Ideals’ virtual data rooms is a complete, robust and user-friendly data management software. It is suitable for almost any business activity that requires the transfer, storage or management of large volumes of data in a safe online environment. This includes due diligence and full-length M&A, corporate bids, capital raising restructuring, bankruptcy and restructuring and board management.
The platform’s intuitive interface is easy to set up and comprehend for both the CFO as well as the entry-level accountant. It allows for one-click data populating, granular document permissions and two-factor authentication. The system also supports 14 languages and scroll-through functions to facilitate navigation through data room life sciences thousands of documents.
Comprehensive audit reports give administrators full information on the activity on the platform. Administrators can track the number of users logged in, their time on the website, and the number of documents they have looked at. They can also deprive access rights to documents after they have been downloaded. Administrators are also able to set security policies for password strength and file expiration.
The system automatically classifies and prioritizes users based on their role within the project. Answers are sent to experts without divulging the PII of the question who submitted the question. Participants can speak privately during the answering process and access files by clicking on the file. This improves the accuracy. The system allows answering coordinators to change workflows and assign experts. They can also add comments to questions, with quick references to files in the virtual data room, making the answering process more efficient.