Your data room is a unique due diligence tool that provides organisation, structure, and ease of use to simplify and speed up the process. In M&A, capital raising, tenders and other corporate events, there are a myriad of documents to be reviewed before a decision is made. Making sense of check these guys out all the information can be time-consuming and is prone to errors.
Fortunately, there are many key features that can help to make the process of reviewing more efficient. One of the most effective features is a comprehensive Q&A feature which allows you to add comments, questions and answers in real-time for all documents in the data room. Other security features include fence view as well as screen locking and encryption. These will help in preventing unauthorized access and reduce the chance of cyberattacks or breaches that might occur after sensitive files leave your firewall.
Granular permission settings are yet another essential feature. They can be applied to folders, roles and documents. You might want to limit the downloading or viewing of spreadsheets to specific users, and let them make notes.
If you require more advanced features, look for a provider that has customizable security features. iDeals for instance, allows you to apply a custom watermark to documents, and also configure multiple permissions including ‘view only’ modes, fence views screenshot blocking, and remote wipe, as well as up to eight levels document access control. It also supports multiple languages and comes with redaction built-in.