Your data room is a distinctive due diligence tool that provides organisation, structure, and ease of use for a long and complicated process. When it comes to M&As, tenders, and capital raising, as well in other corporate events, numerous documents have to be viewed in order to make a decision. Compiling all these documents can be a lengthy process and is prone to errors.
There are many features that make reviewing more efficient. One of the most useful features is a comprehensive Q&A feature that lets you add questions, comments, and answers in real-time to every document in the data room. Another is a variety of security options, including fence view, screen-locking, and encryption. These options can help to prevent unauthorised access and decrease 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 upon the role, folder and document level. You might want to limit the viewing or downloading of spreadsheets only to certain users and allow them to note notes.
If you’re looking for more advanced features, look for a provider that offers customizable security controls. For instance, iDeals allows you to add a custom watermark on any document and set up data room ipos multiple user permissions including «view only» modes, fence view screen blocking, remote wipe and up to eight levels of access control. It also has built-in redaction, and it supports a variety of languages.