Companies in the life sciences field require a VDR for sharing confidential information safely whether due to an acquisition, merger, strategic partnership or regulatory requirement. The ability to modify permissions and provide real-time annotations is a fantastic method to increase productivity and collaboration, particularly for businesses that have multiple stakeholders as well as users and partners in the project.

iDeals also has access to granular permissions that permit administrators to limit access to files of individuals or groups. This includes the things they can do (print copies, downloads, copy/paste and screenshots), as well as what devices they can access (computers or mobiles). This level of security makes it easy for administrators to adhere to the GDPR regulations as well as other data privacy requirements.

iDeals in addition to its advanced document management features, ensures that all documents stored in the VDR will be regularly backed-up. This will prevent data loss. This means that in the event of a technical malfunction or natural disaster, all data will be recovered with little or no interruption to your business. This is especially important for organizations that work in the life sciences industry, which are subject to strict standards and regulations. Additionally, iDeals is hosted in top-of-the-line data centers with multiple levels of redundancy and numerous security www.dataroom365.com/who-can-use-a-virtual-data-room/ protocols to protect sensitive information from cyber-attacks. This makes iDeals the ideal choice for companies working in the life sciences field that need to protect intellectual property and work with their partners, investors, and stakeholders.

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