Ideals’ virtual room for data is a robust, comprehensive and user-friendly software for managing data. It is ideal for any business operation that requires the transfer, storage or management of large quantities of data in a secure online environment. This includes due diligence and full-length M&A operations capital raising, corporate bidding and restructuring, bankruptcy, IPOs as well as board management.
A user-friendly interface is equally apparent to the CFO as well as the entry-level accountant and allows users to easily set up the platform to suit their needs. It permits information to be entered with a single click, document permissions to be set up in granularity, and two-factor authentication. The system supports 14 languages and scroll-through features permit simple navigation between thousands of documents.
Comprehensive audit reports give administrators complete information about the activities on the platform. Administrators can keep track of the number of users logged in, their time spent on the site and the number of documents they have viewed. They can also deprive access rights to documents after they have been downloaded. Additionally administrators are able to establish security policies for the strength of passwords and the expiration date of files.
The system automatically categorizes and ranks users according to their position within the project. Answers are sent to experts without revealing the PII number of the question who submitted the question. Participants can speak privately during the answering process and refer to files by clicking on an image. This improves accuracy. The system lets answering coordinators modify workflows and to assign experts. They can also include quick references to files in the virtual data room, as well as answers, thereby making the process of answering more efficient.
https://dataroomonline.blog/how-ideals-virtual-data-room-transforms-business-collaboration/