virtual data room usage

For mergers or acquisition or a strategic partnership or a regulatory requirement to share documentation with third parties, companies from the life science sector often require the use of a VDR to securely share confidential information. The ability to alter permissions and provide real-time annotations is an excellent way to increase productivity and collaboration, especially when there are multiple stakeholders as well as users and partners in the project.

In addition, iDeals offers a granular permissions system which allows administrators to manage access to files granted to individuals or groups, including what they can do with them (print, download copies/paste, take screenshots) and the types of devices they can use to access the information (computer, mobile). This level of security makes it simple to ensure that administrators adhere to GDPR regulations as well as other data privacy requirements.

iDeals, in addition to its advanced document management features, guarantees that all files saved in the VDR will be regularly backed up. This helps to prevent data loss. This means that in the event of a technical malfunction or natural disaster, all data can be recovered with little or no disruption to your operations. This is especially crucial for businesses working in the life sciences sector and are subject to strict regulations and standards. iDeals Data centers are top-of-the-line, with multiple levels of redundancy. They also have a variety of security protocols that safeguard sensitive information from cyber-attacks. This makes iDeals a great option for companies in the life sciences industry that must protect intellectual property and work with their investors, partners, and stakeholders.