Ideals virtual dataroom is a strong user-friendly and complete data management software. It is suitable for almost every business that requires the transfer, storage or organization of large amounts of data and a secure online environment. This includes due diligence, full-length M&A operations, corporate bidding, capital raising as well as restructuring and bankruptcy IPOs and board management.
A simple and intuitive interface is equally clear to the CFO as well as the entry-level accountant and allows users to set up the platform for their needs. It permits information to be entered with one click and allows document permissions to be granularized and two-factor authentication. The system supports 14 languages, and scroll-through features permit simple navigation across thousands of documents.
Administrators can access detailed audit reports that offer an entire picture of the platform’s activity. Administrators can keep track of the number of people logged in, their time on the site and the amount of documents they have read. They can also revoke access rights to documents even after they have been downloaded. Administrators are also able to set security policies regarding password strength and file expiration.
The system automatically categorizes and ranks users based on their role within the project. Answers are sent to experts without revealing the PII of the who submitted the question. Participants can talk privately during the answering process and access files by clicking on an image. This improves the accuracy. The system allows answering coordinators to alter workflows and assign experts. They can also add quick references to files within the virtual data rooms to answers, thereby making the answer process more efficient.