The software for your data room is a unique due diligence software that offers structure, organization and user-friendliness to a long and complex process. When conducting M&As or tenders, capital raising, as well as other corporate events, many documents must be reviewed to make an informed decision. Making sense of all these documents can be a lengthy process and is prone to errors.
There are many features that can improve the process of reviewing efficient. One of the most helpful features is a powerful Q&A feature which allows you to add questions, comments, and answers in real-time to all documents within a data room. Another option is a variety of security options, including fence view, screen locking and encryption. These options will help in preventing unauthorised access and decrease the chance that cyberattacks or breach could occur if sensitive information leaves your company’s firewall.
Another feature that is essential is the flexible permission settings that can be used based on the role, folder, and document level. For instance, you may want to restrict viewing or downloading of spreadsheets to specific users only and also provide the option for viewers to add notes of their own.
If you require more advanced features, look for a provider that has customizable security features. For example, iDeals allows you to add a custom watermark to every document and to set multiple user permissions including „view only” modes including fence view, screenshot blocking remote wipe, and up to eight levels of document access control. It also supports multiple languages and has redaction built-in.