A data room application is a secure platform for sharing files with internal and external teams. This platform is often employed in mergers and acquisitions, as well as in fundraising, business valuations http://www.tophousecompany.com/virtual-data-room-software-for-protected-performance and similar situations. It prevents sensitive information being leaked by unauthorized users. The most notable features include dynamic watermarking, as well as granular permission control. iDeals offers a virtual information room that has a user-friendly interface and a variety of security options that can be customized. It is perfect for legal and compliance firms, but it can be used by any business that requires a high level of security.

The platform supports a broad variety of file formats and offers features such as drag-and-drop uploading, auto indexing and intelligent search. Smart analytics give valuable insight into the activity of the system including a bird's-eye view of documents collections. Its strong data encryption and access control ensure an efficient and organized workflow. Other advantages include virus scans and redaction of data, as well as an user-friendly interface.

Platform is designed to be used by a wide range of industries. It provides features such as custom branding, document level eSignatures and a unified client portal. Its unique SmartLock technology allows administrators to block access to documents after they've been downloaded. Additionally, it's compatible with the Xero accounting software and comes with an encrypted messaging tool that allows users to communicate privately within the platform. It also comes with an inbuilt redaction feature that allows users to hide any part of a document that they would not like sharing.