A data room app is a secure platform for sharing files with both internal and external teams. This type of platform is commonly used in mergers and acquisitions, as well as business valuations, fundraising and other similar situations. It prevents sensitive information from being released by unauthorized users. The key features include dynamic watermarking as well as granular permission control. iDeals offers a digital data room that is user-friendly and a variety of security options that can be customized. It is perfect for compliance and legal firms but can be used in any field that requires the highest security.

The platform supports numerous file formats, and offers features like drag-and-drop, auto indexing and intelligent search. It also offers an important insight into activity through smart analytics, including an eye-to-eye view of documents collections. Its strong data encryption and access control help ensure the efficiency and organization of workflow. Other advantages include virus scans and redaction of data, as well as an intuitive interface.

Platform is designed to be used by a broad range of industries. It offers features like custom branding, document level eSignatures and a client portal that is integrated. The platform’s patent-pending SmartLock Technology lets administrators revoke document access even after the documents have been downloaded. It’s also compatible with Xero’s accounting software, and includes a secure messaging feature that allows users to communicate privately with the platform. It also comes with a built-in redaction feature, which allows users to hide any part of a document they do not want to share.