New Solution for Agents to Securely Share and Track Property Documents
An upgraded version of the data room platform, InstaDocs, has been released to the market. It’s at the forefront of technology for the commercial property industry, being the first within the Australian sector to provide a dedicated solution for agents to securely share and track property documents. InstaDocs is designed to provide quick and easy access to important documentation relating to the sale of a property, giving agents speed to market through the ability to make fast, informed decisions, all whilst keeping vendor information secure. It uses an SSL 2048-bit encryption layer for secure data transport, and the infrastructure is fully secured using Amazon’s IAAS (Infrastructure As A Service) cloud. It also uses 2-factor authentication, the choice to have an open or invite-only data room with a multi-stage authentication process, automated email alerts, a greater level of detail into user activity and an overall improved user experience. InstaDocs initially launched in October 2018 by Ready Media Group, who integrated this solution into their property platforms DevelopmentReady (DR) and CommercialReady (CR). The new version has made its debut on DR, with CR soon to follow, with early data showing an average of 25% higher enquiry on property campaigns that utilise a data room, compared with those that don’t. Knight Frank’s Senior Sales Director, James Thorpe commented on InstaDocs, stating, “At present, there is no rival solution for the commercial property industry that does what InstaDocs does - protecting the sensitive data exchanged in the lead up to a sale.” “When selling a site of scale as agents we need peace of mind knowing all the vendors’ personal details and sensitive information is safe and secure. Up until the introduction of InstaDocs, we were sending emails with
6 – April / May 2023
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