Your data room is an exclusive due diligence tool that provides organisation, structure, and ease of use for a lengthy and complex process. During M&As, tenders and capital raising, as well with other corporate events numerous documents need to be reviewed to make a decision. Compiling all these documents can be a lengthy process and prone to error.
Fortunately, there are many crucial features that will help to make the review process much more efficient. One of them is a dependable Q&A tool that allows you to add comments as well as questions and answers to all documents within the data room in real-time. There is also a range of security options like fence view, screen lock and encryption. These options can help to prevent unauthorised access, and lower the risk that cyberattacks or breaches could occur after sensitive data is removed https://www.yourdataroom.org/due-diligence from your firewall.
Granular permission settings are another important feature. They can be applied to roles, folders and documents. For instance, you could want to restrict viewing or downloading of spreadsheets to specific users only and also provide the option for viewers to add notes.
If you need more advanced features, you should choose a provider who offers customisable security control. For example, iDeals allows you to add a custom watermark on all documents and configure a variety of user permissions including ‘view only’ modes including fence view screen blocking remote wipe, and up to eight levels of document access control. It also has built-in redaction and can be used in a variety of languages.
