Your data room software is a unique due-diligence software that helps to organize, structure and ease of use to a complicated and protracted process. During M&As, tenders and capital raisings, as well with other corporate events numerous documents must be reviewed to help make an informed decision. It is time-consuming to go through all this information and it can be prone to errors.
There are a variety of crucial features that will help in making the review process much more efficient. One of the most effective features is a powerful Q&A feature which allows you to add comments, questions, and answers in real-time for all documents in a data room. Other security features include fence view security, screen locking and encryption. These can be used to block unauthorised access and decrease the possibility of cyberattacks and breaches that could occur once sensitive files leave the firewall of your company.
Granular permission settings are an additional important feature. They can be applied to roles, folders and documents. You might want to limit access to or download of spreadsheets only to certain users and allow them to note notes.
If you’re looking for more advanced features, choose one that offers customizable security controls. For instance, iDeals allows you to apply a custom https://www.yourdataroom.org/providers-features watermark to all documents and configure a variety of user permissions including ‘view only’ modes such as fence view screen blocking, remote wipe and up to eight levels of document access control. It also supports multiple languages and has redaction built-in.