Your data room software is unique due diligence software that gives structure, organisation and a user-friendly interface to a complicated and protracted process. When it comes to M&A, capital raising, tenders and other corporate events, there are a myriad of documents to be reviewed before a decision can be made. It takes a long time to go through all this information, and it can be prone to errors.
Fortunately, there are many essential features that can be used in making the review process more efficient. One of the most helpful features visit is a powerful Q&A feature that lets you add comments, questions, and answers in real-time to every document in a data room. Other security features include fence view screen locking, screen locking, and encryption. These will help to prevent unauthorized access and reduce the risk of cyberattacks or security breaches that may occur after sensitive files leave the firewall of your company.
Another essential feature is flexible permission settings that can be applied based on the role, folder or document level. You might want to limit the viewing or downloading of spreadsheets to only certain users, and let them add notes.
If you’re looking for more advanced features, choose one that offers customizable security control. iDeals, for example, allows you to add a customized watermark to documents and configure multiple permissions including ‘view only’ modes, fence views, screen-blocking, remote wipe, in addition to up to eight levels document access control. It also supports multiple languages and has redaction built-in.
