Your data room is a distinctive due diligence tool that offers structure, organization and ease of use for a long and complicated process. When conducting M&As or tenders, capital raising, as well as other corporate events, numerous documents have to be viewed in order to arrive at a decision. Compiling all this information is time-consuming and learn this here now is prone to errors.
Fortunately, there are many key features that can help to make the review process much more efficient. One of the most crucial is a powerful Q&A tool that allows you to add comments, questions and answers to all documents within the data room in real-time. Other security features include fence view, screen locking and encryption. These options will help prevent access to your data that is not authorized, and also reduce the chance that cyberattacks or breaches could occur once sensitive data leaves the firewall of your company.
Another crucial feature is the specific permission settings, which can be applied based on the role, folder, and document level. It is possible to limit the downloading or viewing of spreadsheets to only certain users and allow them to make notes.
If you require more advanced features, select a service that provides customisable security controls. iDeals for instance, allows you to add a customized watermark on documents and to set multiple permissions such as ‘view-only modes, fence views screen-blocking, remote wipe, and up to eight levels of document access control. It also includes redaction and supports a number of languages.