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. When conducting M&As or tenders, capital raisings, as and other corporate events numerous documents need to be reviewed in order to arrive at an informed decision. Compiling all this information is a time-consuming task and prone to error.
There are numerous features that can improve the process of reviewing efficient. One of the most useful features is a robust Q&A feature that allows you to add comments, questions and answers in real-time to all documents within a data room. Other security features include fence view screen locking, screen locking, and encryption. These options will help in preventing access to your data that is not authorized, and also reduce the chance that cyberattacks, or security breaches could occur when sensitive information leaves your company’s firewall.
Granular permission settings are a second important feature. They can be applied to folders, roles and documents. You www.yourdataroom.org/data-room-for-ipos/ may want to limit the download or viewing of spreadsheets only to certain users, and let them add notes.
If you require more advanced features, you should choose one that offers customizable security control. iDeals for instance, allows users to add a custom watermark to documents and configure multiple permissions such as ‘view-only’ modes, fence views screen-blocking, remote wipe, as well as up to eight levels of document access control. It also supports multiple languages and has redaction built-in.
