Key Features to Look For in Your Data Room Software

Your data room is a distinctive due diligence tool that offers structure, organization and a user-friendly interface to simplify and speed up the process. During M&A capital raising, tenders and other corporate events, there are a myriad of documents that need to be reviewed before a decision is made. It can be time-consuming to go through all this information, and it is susceptible to mistakes.

There are a variety of key features that can help to make the process of reviewing more efficient. One of the most important is a dependable Q&A tool that lets you add comments or questions and responses to all documents within the data room in real-time. Other security features include fence view security, screen locking and encryption. These options can help to prevent unauthorized access, and reduce the risk that cyberattacks or security breaches could occur when sensitive information leaves your company’s firewall.

Another crucial https://www.yourdataroom.org/ma feature is the granular permission settings, which can be applied based upon the role, folder and document level. It is possible to limit access to or download of spreadsheets only to certain users, and let them note notes.

If you are looking for more advanced features, you should choose a provider who offers customisable security controls. iDeals, for example, allows users to add a custom watermark on documents and to set multiple permissions such as ‘view-only’ modes, fence views screenshot blocking, and remote wipe, in addition to up to eight levels of document access control. It also includes redaction and works with a variety of languages.