Ideals virtual dataroom is a powerful user-friendly and robust data management software. It can be used for virtually any type of business operation that requires the storage, transfer, or organization of large volumes of data in a secure online environment. This includes due diligence, full-length M&A operations, capital raising, corporate bidding and restructuring, bankruptcy, IPOs and board management.
An intuitive graphical interface is equally clear to the CFO and entry-level accountants and allows them to set up the platform for their needs. It allows for one-click data populating with granular document access rights and two-factor authentication. The system also supports 14 languages and scroll-through functionality for easy navigation among thousands of documents.
Administrators can access detailed audit reports that provide an entire picture of the platform’s activity. Administrators can keep track of the number of users who have logged in, their time on the site and the amount of documents they have seen. They can also revoke access to documents rights even after downloading. In addition administrators can use the system to create security policies for password strength and file expiration.
The system automatically classifies and prioritizes users according to their position within the project. Answers are provided to experts without revealing the personal information of the submitter. Participants can speak privately during the answering process and https://dataroomonline.blog/how-ideals-virtual-data-room-transforms-business-collaboration/ access files by clicking on the file. This improves the accuracy. The system lets answering coordinators modify workflows and to assign experts. They can also add quick references to files within the virtual data room to comments on questions, making the answering process more efficient.