The software for your data room is a unique due-diligence software that provides organisation, structure and user-friendliness to a lengthy and complicated process. During M&As, tenders and capital raisings as well as other corporate events, many documents must be reviewed to make a decision. Combing through all of these documents can be a lengthy process and is prone to errors.
There are numerous tools that can help make the review process more efficient. One of the most important is a powerful Q&A tool that lets you add comments, questions and answers to all documents within the data room in real-time. Other security features include fence view, screen locking and encryption. These options will help in preventing unauthorised access and decrease the risk that cyberattacks or breaches could occur after sensitive data is removed from your firewall.
Another crucial feature is the adjustable permission settings, which can be used based on the role, folder or document level. For instance, you may be www.yourdataroom.org/life-sciences/ able to restrict the viewing or downloading of spreadsheets for certain users only and also provide the option to viewers to make notes of their own.
If you need more advanced features, you should choose a provider that can provide you with custom security control. iDeals for instance, allows users to add a custom watermark to documents and configure multiple permissions, including ‘view-only’ modes, fence views, screenshot blocking, and remote wipe, in addition to up to eight levels document access control. It also comes with built-in redaction, and it supports a variety of languages.