Your data room is a distinctive due diligence tool that provides organisation, structure, and ease of use for a complex and lengthy process. During M&A tenders, capital raising and other corporate events, there are countless documents to be reviewed before a final decision can be taken. It is time-consuming to go through all of this information, and it can lead to errors.

There are numerous features that make the review process more efficient. One of the most helpful features is a powerful Q&A feature that allows you to add comments, questions, and answers in real-time to every document in the data room. Other security features include fence view, screen locking and encryption. These will help to prevent unauthorised access and decrease the possibility of cyberattacks and breaches that might occur after sensitive data leaves Get More Information your company firewall.

Granular permission settings are an additional essential feature. They can be applied to folders, roles and documents. You may want to restrict the viewing or downloading of spreadsheets to specific users and allow them to make notes.

If you need more advanced features, search for a service that provides customizable security controls. For example, iDeals allows you to add a custom watermark to every document and to set multiple user permissions including “view only” modes fencing view screen blocking remote wipe, and up to eight levels of access control. It also supports multiple languages and has redaction built-in.