Your data room is a unique due diligence tool that offers structure, organization and a user-friendly interface to simplify and speed up the process. When it comes to M&A, capital raising, tenders and other corporate occasions, there are numerous documents that need to be reviewed before a decision can be taken. It takes a long time to go through all the information and it is susceptible to mistakes.
There are plenty of essential features that can be used in making the review process much more efficient. One of the most crucial is a dependable Q&A tool that lets you add comments as well as questions and answers to all documents within the data room in real-time. Another is a variety of security options including fence view, screen-locking, and encryption. These options will help prevent unauthorised access, and lower the risk that cyberattacks or breaches could occur after sensitive information leaves your company’s www.yourdataroom.org/fundraising/ firewall.
Granular permission settings are an additional important feature. They can be applied to roles, folders and documents. For instance, you could be able to restrict the viewing or downloading of spreadsheets to a select group of users and provide the option for viewers to make notes of their own.
If you require more advanced features, look for a service that provides customizable security controls. iDeals for instance, allows you to apply a custom watermark on documents and to set multiple permissions that include ‘view-only’ modes, fence views screen-blocking, remote wipe, as well as up to eight levels of document access control. It also supports multiple languages and has redaction built-in.