Ideals’ virtual data rooms is a comprehensive, robust and user-friendly tool for managing data. It is suited for virtually any business activity that requires the transfer, storage or management of large amounts of data, and a secure online environment. This includes due diligence and full-length M&A capital raising, corporate bids restructuring, bankruptcy and restructuring and board management.
A user-friendly interface is equally accessible to the CFO and entry-level accountant and allows users to easily configure the platform to suit their needs. It allows information to be entered with a single click, document permissions to be granularized and two-factor authentication. The system is compatible with 14 languages, and scroll-through capabilities allow for simple navigation between thousands of documents.
Audit reports that are thorough give administrators an accurate picture of the activity on the platform. Administrators can track the number of users who have logged in, their time on the website, and the number of documents they’ve read. They can also deprive access rights to documents after they have been downloaded. Administrators are also able to set security policies regarding password strength and file expiration.
Users are automatically categorized and ranked by the system based on their roles in the project, and answers are provided to experts without divulging questions submitters’ personal information. In the course of answering, participants can talk in private and refer to files with a single click, improving accuracy. The system lets answering coordinators change workflows and assign experts. They can also add notes to questions with quick references to files within the virtual data room, making the answering process more efficient.
https://dataroomonline.blog/how-ideals-virtual-data-room-transforms-business-collaboration/