Companies in the life sciences sector require the use of a VDR to share confidential information in a secure manner regardless of whether it’s because of a merger, acquisition, strategic partnership or regulatory requirement. The ability to alter permissions and provide real-time annotations is a great way to enhance productivity and collaboration, particularly for companies that have multiple stakeholders as well as users and partners in the project.

Additionally, iDeals offers a granular permissions system that allows administrators to control access to files for individuals or groups, which includes what they can do with them (print, download copies/paste, take photographs) and the types of devices they are able to use to access the data (computer, mobile). This level of security makes it easy for administrators to comply with GDPR regulations and other dataroom365.com privacy regulations for data.

iDeals in addition to its advanced document management features, ensures that all files stored 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 documents can be retrieved with little or no interruption to your business operations. This is particularly important for companies that operate in the life sciences industry and are subject to strict standards and regulations. Moreover, iDeals is hosted in top-of-the line data centers that offer multi-level redundancy, and comes with various security protocols that protect sensitive information from cyber threats. This makes iDeals a great choice for businesses in the life sciences industry that require protection of intellectual property and collaborate with their investors, partners and other stakeholders.