Your data room software is a unique due-diligence software that provides organisation, structure and a user-friendly interface to a lengthy and complicated process. In M&A, tenders, capital raising and other corporate events, there are countless documents that need to be reviewed before a decision can be taken. Making sense of all the information can be time-consuming and is prone to errors.
There are many tools that can make the review process more efficient. One of the most crucial is a powerful Q&A tool that lets you add comments as well as questions and answers to all documents in the data room in real-time. Other security features include fence view as well as screen locking and encryption. These will help to prevent access to your data that is not authorized and reduce the possibility of cyberattacks and security breaches that may occur after sensitive files leave the firewall of your business.
Another crucial feature is the specific permission settings, which can be set based on the role, folder and document level. For instance, you might want to restrict viewing or downloading of spreadsheets to a select group of users and provide the option for viewers to make notes of their own.
If you’re looking for more advanced features, select a service that provides customisable security control. For instance, iDeals allows you to apply a custom watermark to any document and set up multiple user permissions including ‘view only’ modes such as fence view, screenshot blocking, remote wipe and https://www.yourdataroom.org/due-diligence up to eight levels of document access control. It also supports multiple languages and has redaction built-in.