Your data room is a unique due diligence tool that offers organisation, structure, and ease of use to simplify and speed up the process. When it comes to M&A capital raising, tenders and other corporate events, there are a myriad of documents that need to be reviewed before a final decision is made. It is time-consuming to go through all the information and it is susceptible to errors.
There are plenty of essential features that can be used to make the process of reviewing more efficient. One of them is a powerful Q&A tool that allows you to add comments or questions to all documents in the data room in real-time. Other security features include fence view screen locking, screen locking, and encryption. These options will help prevent unauthorised access, and lower the chance that cyberattacks or breach could occur if sensitive information leaves your company’s firewall.
Another crucial feature is the granular permission settings, which can be applied based on the role, folder or document level. For instance, you could wish to restrict access or downloading of spreadsheets to a select group of users, but also give the option for users to add notes.
If you’re looking for more advanced features, you should choose one that offers customizable security control. For instance, iDeals allows you to add a custom-designed watermark to all documents and configure multiple user permissions including “view only” modes such as fence view block, screenshot blocking, remote wipe and up to eight levels of you can try this out access control. It also has built-in redaction and works with a variety of languages.
