The software for your data room is a unique due-diligence software that provides organisation, structure and ease of use to a long and complex process. When it comes to M&A, tenders, capital raising and other corporate events, there are countless documents to be reviewed before a final decision is made. It is time-consuming to look through all of this information, and it is prone to mistakes.
Thankfully, there are several key features that can help in making the review process more efficient. One of the most https://www.yourdataroom.org/due-diligence effective features is a robust Q&A feature that allows you to add comments, questions, and answers in real-time to all documents within the data room. Other security features include fence view, screen locking and encryption. These options will help prevent unauthorised access and decrease the chance that cyberattacks or breaches could occur after sensitive information leaves your company’s firewall.
Another essential feature is adjustable permission settings, which can be applied based upon role, folder and document level. You may want to restrict the viewing or downloading of spreadsheets only to a select group of users, and let them make notes.
If you require more advanced features, search for a provider that offers customisable security controls. For example, iDeals allows you to add a custom-designed watermark to every document and to set multiple user permissions including ‘view only’ modes fencing view screen blocking remote wipe and up to eight levels of document access control. It also supports multiple languages and has redaction built-in.