Your data room is a unique due diligence tool that offers structure, organization, and ease of use for a lengthy and complex process. When it comes to M&As, tenders, and capital raising, as well as other corporate events, numerous documents must be reviewed in order to arrive at an informed decision. Combing through all of these documents can be a lengthy process and prone to error.
There are numerous options that can make the review process more efficient. One of the most useful features is a robust Q&A feature which allows you to add comments, questions and answers in real-time for all documents in a data room. Another option is a variety of security options, including fence view, screen lock and encryption. These options will prevent unauthorised access and decrease https://www.yourdataroom.org/board-portal the chance that cyberattacks, or breaches could occur once sensitive data leaves the firewall of your company.
Another essential feature is granular permission settings, which can be applied based on the role, folder and document level. For instance, you might want to restrict viewing or downloading of spreadsheets to specific users and provide the option for viewers to add notes.
If you are looking for more advanced features, go with a service that provides customisable security controls. For instance, iDeals allows you to add a custom-designed watermark to all documents and configure a variety of user permissions including ‘view only’ modes such as fence view screen blocking remote wipe and up to eight levels of document access control. It also supports multiple languages and comes with redaction built-in.
