It could be for a merger or acquisition, a strategic partnership, or a regulatory requirement to share documentation with external entities, companies in the life science industry often require the use of a VDR to securely share confidential information. The ability to alter permissions and provide real-time annotations is an excellent way to improve productivity and collaboration, especially when there are multiple stakeholders including partners, users and stakeholders in the project.

Additionally, iDeals offers a granular permissions system that allows administrators to manage access to files for individual or groups, which includes what they can do with them (print, download copy/paste, or take photographs) and the kinds of devices they are able to access the information (computer, mobile). This level of security allows administrators to comply with GDPR regulations and other data privacy requirements.

Aside from its advanced 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 the data is able to be recovered with minimal or no interruption to your business. This is especially important for organizations that work in the life sciences sector which are subject to strict regulations and standards. iDeals’ data centers are top of the line, with various levels of redundancy. They also offer several security protocols that protect sensitive information against cyber threats. This makes it a great choice for life science businesses which need Bonuses to safeguard their intellectual property while working with their partners, stakeholders and investors.