Companies in the life sciences sector require a VDR for sharing confidential information safely in the event of a merger, acquisition or strategic partnership, or a regulatory obligation. Because they typically have multiple stakeholders, partners and users in the project, the capability to give individual annotations and permissions that are real-time can greatly improve collaboration and efficiency.
In addition, iDeals offers a granular permissions system that permits administrators to manage access to files for individuals or groups, including what they can do with them (print, download, copy/paste, take photos) and what types of devices they can access the data (computer or mobile). This degree of security makes it easier for administrators to adhere to GDPR regulations as well as other privacy regulations for data.
iDeals in addition to its advanced document management capabilities, ensures that all documents saved in the VDR will be regularly backed up. This helps to prevent data loss. This means that in the event of a technological malfunction or natural disaster, all data will be recovered with little or no interruption to your business operations. This is particularly crucial for companies working in the life sciences field which are subject to strict standards and regulations. iDeals’ data centers are top of the line, with various levels of redundancy. They also offer various security protocols to protect sensitive information against cyber threats. This makes it a good option for life science companies which need to safeguard their intellectual property while working with their stakeholders, partners and investors.