If it’s for a merger or acquisition, a strategic partnership, or a legal requirement to share documentation with third entities, companies in the life science industry often require the use of a VDR to securely share confidential information. Because they typically have multiple partners, stakeholders and users involved in an initiative, the ability to give individual annotations and permissions that are real-time can greatly improve collaboration and efficiency.
In addition, iDeals offers a granular permissions system which allows administrators to restrict access to files by individuals or groups, which includes what they can do with them (print copies, downloads, copy/paste, take pictures) and what devices they are able to use to access the information (computer, mobile). This level of security makes it easier to ensure that administrators adhere to the GDPR regulations, as well as other privacy regulations for data.
Apart from its sophisticated document management capabilities, iDeals also ensures that all documents stored in the VDR are regularly backed up to prevent data loss. This means that in the event of a technological malfunction or natural disaster, all documents can be retrieved with minimal or no interruption to your business. This is particularly important for www.dataroom365.com/investigating-different-vdrs-choosing-the-right-option-for-your-business-requirements/ companies that operate in the life sciences industry which are subject to strict standards and regulations. iDeals Data centers are top of the line, with different levels of redundancy. They also feature a variety of security protocols that protect sensitive information from cyber-attacks. This makes iDeals a great choice for companies in the life sciences industry that require protection of intellectual property and work with their partners, investors and other stakeholders.
