If it’s for a merger or acquisition or strategic partnership or a regulatory requirement to share documents with external parties, companies within the life sciences industry usually require the use of a VDR to securely share confidential information. The ability to customize permissions and provide real-time annotations is an excellent method to increase collaboration and productivity, especially for businesses that have multiple stakeholders, partners and users involved in the project.

iDeals also comes with granular permissions that allow administrators to control access to the files dataroom365.com for individuals or groups. This includes what they can do (print downloads, copy/paste and screenshots) in addition to the devices they can access (computers and mobiles,). This level of security makes it easy for administrators to comply with the GDPR regulations as well as other privacy-related requirements for data.

Apart from its sophisticated document management capabilities, iDeals also ensures that all documents stored in the VDR are backed up regularly to avoid data loss. This means that in the event of a technological malfunction or natural disaster, all data can be recovered with minimal or no interruption to your business. This is particularly important for businesses in the life science industry which are subject to strict regulations and stipulations. Additionally, iDeals is hosted in top-tier data centers with multi-level redundancy as well as various security protocols to safeguard sensitive information from cyberattacks. This makes iDeals the ideal choice for companies working in the life sciences field that must protect intellectual property and work with their partners, investors, and stakeholders.