Ideals’ virtual data room is a comprehensive, robust and user-friendly data management program. It is suited for virtually any business operation that requires the storage, transfer or organization of large volumes of data in a safe online environment. This includes due diligence and full-length M&A operations, capital raising, corporate bidding as well as restructuring and bankruptcy IPOs as well as board management.

A simple and intuitive interface is equally clear to the CFO as well as the accountants at the entry level and allows them to quickly set up the platform to suit their needs. It allows for the entry of data with just one click and allows document permissions to be granularized, and two-factor authentication. The system supports 14 languages, and scroll-through features allow for effortless navigation through thousands of documents.

Administrators have access to the audit reports in detail that give an exhaustive overview of the platform’s activity. Administrators can keep track the number and types of users registered. They can also see how long they stay on the site, and the number of documents that have been seen. They can also deactivate access to documents rights even after downloading. Administrators can also establish security policies for password strength and file expiration.

Users are automatically categorized and ranked by the system according to their roles in the project. Answers are routed to experts without divulging questions submitters’ PII. During the process of answering, participants can converse privately and refer to files with a single click, improving accuracy. The system also allows answering coordinators to reassign experts and modify the process. They can also add comments to questions with quick references to files within the virtual data room, which makes the answering process more efficient.

Essential Features of Virtual Data Rooms for Business Growth