Your data room is a unique due diligence tool that offers structure, organization, and ease of use for a long and complicated process. When it comes to M&A capital raising, tenders and other corporate events, there are countless documents to be reviewed before a decision can be taken. The process of combining all the information can be time-consuming and prone to error.
Thankfully, there are several important features that can help to make the process of reviewing more efficient. One of the most important is a powerful Q&A tool that lets you add comments as well as questions and answers to all documents within the data https://www.yourdataroom.org/providers-features room in real-time. Other security features include fence view, screen locking and encryption. These options can help to prevent unauthorised access and decrease the chance that cyberattacks, or breach could occur if sensitive data is removed from your firewall.
Granular permission settings are a second important feature. They can be applied to folders, roles and documents. You may want to limit the download or viewing of spreadsheets only to certain users and allow them to note notes.
If you require more advanced features, search for a provider that has customizable security controls. For instance, iDeals allows you to add a custom-designed watermark to all documents and configure multiple user permissions including ‘view only’ modes such as fence view and screenshot blocking remote wipe, and up to eight levels of access control. It also includes redaction and works with a variety of languages.
