Your data room is a distinctive due diligence tool that offers organisation, structure, and ease of use for a complex and lengthy process. In M&A, capital raising, tenders and other corporate occasions, there are numerous documents to be reviewed before a decision can be made. It is time-consuming to look through all this information and it is susceptible to errors.
There are a variety of features that can help make the review process more efficient. One of them is a comprehensive Q&A tool that lets you add comments as well as questions and answers to all documents within the data room in real-time. Other security features include fence view security, screen locking and encryption. These options will help prevent access to your data that is not authorized, and also reduce the possibility that cyberattacks and security breaches could occur when sensitive information leaves your company’s firewall.
Another feature that is essential is the granular permission settings, which can be set based on the role, folder and document level. You https://www.yourdataroom.org/ma might want to limit access to or download of spreadsheets to only certain users and allow them to note notes.
If you’re looking for more advanced features, select a service that provides customisable security control. For instance, iDeals allows you to add a custom watermark to all documents and configure a variety of user permissions including ‘view only’ modes, fence view screen blocking, remote wipe and up to eight levels of document access control. It also supports multiple languages and comes with redaction built-in.