The software for your data room is a unique due diligence software that helps to organize, structure and ease of use to a complex and lengthy process. During M&As, tenders and capital raisings, as well in other corporate events, many documents must be reviewed to make a decision. It takes a long time to go through all this information and it is prone to errors.
There are several options that can help make the review process more efficient. One of the most useful features is visit a powerful Q&A feature which allows you to add comments, questions and answers in real-time to every document in a data room. Other security features include fence view, screen locking and encryption. These will help to prevent unauthorised access and decrease the chance of cyberattacks or breach that can occur when sensitive data leaves your firewall.
Another crucial feature is the adjustable permission settings, which can be applied based on the role, folder or document level. You might want to limit access to or download of spreadsheets to only certain users, and let them add notes.
If you require more advanced features, select a provider that can provide you with custom security controls. iDeals, for example, allows you to create a custom watermark on documents and to set multiple permissions that include ‘view-only’ modes, fence views screenshot blocking, and remote wipe, as well as up to eight levels of document access control. It also supports multiple languages and has redaction built-in.