For mergers or acquisition or a strategic partnership or a requirement from a regulatory agency to share documentation with third parties, companies from the life science industry often require the use of a VDR to securely share confidential information. The ability to tailor permissions and provide real-time annotations is a fantastic way to improve productivity and collaboration, especially for companies with multiple stakeholders including partners, users and stakeholders in the project.

Additionally, iDeals offers a granular permissions system which allows administrators to limit access to files for individuals or groups, defining what they can do with them (print or download, copy/paste, take photographs) and what devices they are able to use to access the data (computer or mobile). This level of security makes it easier to ensure that administrators adhere to GDPR regulations and other privacy regulations for data.

Aside from its advanced document management capabilities, iDeals also ensures that all documents stored in the VDR are backed up regularly to ensure that data is not lost. This means that in the event of a technical malfunction or natural disaster, all the data will be recovered with minimal interruption to your business. This is particularly crucial for businesses working in the life sciences field, which are subject to strict regulations and standards. iDeals’ data centers are top-tier, with numerous levels of redundancy. They also have several security protocols that protect sensitive information from cyber-attacks. This makes iDeals a https://dataroom365.com/6-amazing-benefits-of-virtual-data-room/ great choice for companies in the life sciences industry that need to protect intellectual property and work with their partners, investors and other stakeholders.