Companies in the life sciences industry require the use of a VDR to share confidential information securely in the event of an acquisition, merger or strategic partnership, or a regulatory obligation. The ability to modify permissions and provide real-time annotations is an excellent method to increase productivity and collaboration, especially when there are multiple stakeholders as well as users and partners in the project.
Additionally, iDeals offers a granular permissions system that permits administrators to limit access to files by individuals or groups, such as what they can do with them (print, download copies/paste, take photographs) and what types of devices they can use to access the data (computer, mobile). This level of security makes it easier to ensure that administrators adhere to the GDPR regulations, as well as other data privacy requirements.
iDeals, in addition to its advanced document management capabilities, ensures that all files saved in the VDR will be regularly backed up. This will prevent data loss. In the event of an event of natural disaster or technical issue, you can recover all your data with little or no disruption to your business operations. This is particularly important for organizations that work in the field of life sciences which are subject to strict regulations and standards. iDeals Data centers are top of the line with multiple levels of redundancy. They also have various security protocols that protect sensitive information from cyber-attacks. This makes iDeals a great choice for businesses in the benefits of virtual data room life sciences field that require protection of intellectual property and work with their partners, investors and other stakeholders.
