Your data room is an exclusive due diligence tool that offers organisation, structure and a user-friendly interface to simplify and speed up the process. In M&As and tenders, capital raising, as well and other corporate events numerous documents need to be reviewed to help make a decision. Combing through all of the information can be time-consuming and is prone to errors.
There are plenty of key features that can help to make the process of reviewing more efficient. One of the most effective features is a powerful Q&A feature that lets you add questions, comments, and answers in real-time to every document in the data room. Other security features include fence view, screen locking and encryption. These options will prevent access to your data that is not authorized, and also reduce the possibility that cyberattacks and security breaches could occur when sensitive data leaves the firewall of your company.
Another important feature is specific permission settings, which can be used based on the role, folder, and document level. You might want to limit access to or download of spreadsheets only to certain users and allow them to make notes.
If you’re looking for more advanced features, you should choose a provider that can provide you with custom security control. For instance, iDeals allows you to add a custom watermark on all documents and configure a variety of user permissions including “view only” modes, fence view, screenshot blocking remote wipe, and up to eight levels of document access control. It also comes with built-in redaction and can be www.yourdataroom.org/real-estate/ used in a variety of languages.
