Ideals’ virtual data room is a full, robust and user-friendly software for managing data. It can https://dataroomonline.blog/how-ideals-virtual-data-room-transforms-business-collaboration/ be used for virtually any type of business operation requiring the storage, transfer, or organization massive amounts of data in a secure online environment. This includes due diligence and full-length M&A corporate bids, capital raising, bankruptcy and restructuring and board management.
An intuitive graphical interface is equally accessible to the CFO and entry-level accountants and allows them to set up the platform for their needs. It provides one-click data creation, granular document permissions and two-factor authentication. The system supports 14 languages and scroll-through features permit easy navigation among thousands of documents.
Detailed audit reports provide administrators with full information on the activity on the platform. Administrators can keep track the number and type of users that are logged in. They can also view how long they stay on the site, as well as the number of documents that have been examined. They can also revoke access rights to documents even after they have been downloaded. Administrators can also create security policies regarding password strength and expiration of files.
Users are automatically classified and prioritized by the system in accordance with their contribution to the project, and questions are sent to experts without divulging the questioner’s personal information. In the course of answering, participants can communicate privately and make reference to files with a single mouse click, which improves accuracy. The system also allows answering coordinators to reassign experts and modify the workflow. They can also add notes to questions and provide quick references to files within the virtual data room, making the answering process more efficient.