Your data room is an exclusive due diligence tool that offers organisation, structure, and ease of use for a lengthy and complex process. During M&A, capital raising, tenders and other corporate events, there are a myriad of documents that need to be reviewed before a decision can be made. It is time-consuming to go through all of this information, and it is susceptible to mistakes.

There are a variety of features that help make the review process more efficient. One of the most effective features is a robust Q&A feature that lets you add questions, comments, and answers in real-time to all documents within the data room. Other security features include fence view security, screen locking and encryption. These options will prevent access to your data that is not authorized, and also reduce the chance that cyberattacks, or breaches could occur after sensitive data leaves the firewall of your company.

Granular permission settings are a second important feature. They can be applied to folders, roles and documents. For instance, you could decide to limit viewing or downloading of spreadsheets to certain users only and also provide the option for users to make notes of their own.

If you require more advanced features, select a provider that can provide you with custom security controls. iDeals for instance, allows you to add a customized watermark to documents and set multiple permissions that include ‘view-only modes, fence views screen-blocking, remote wipe, in addition to up to https://www.yourdataroom.org/data-room-for-ipos eight levels document access control. It also supports multiple languages and comes with redaction built-in.