Key Features to Look For in Your Data Room Software

The software for your data room is a unique due-diligence software that provides organisation, structure and ease of use to a complex and lengthy process. When it comes to M&A tenders, capital raising and other corporate events, there are a myriad of documents to be reviewed before www.yourdataroom.org/providers-features/ a final decision can be made. It takes a long time to go through all of this information, and it is prone to mistakes.

There are numerous tools that can help make the review process more efficient. One of the most effective features is a comprehensive Q&A feature that lets you add comments, questions and answers in real-time to all documents in a data room. Another option is a variety of security options such as fence view, screen lock and encryption. These can help prevent access to your data that is not authorized and reduce the risk of cyberattacks, or breach that can occur when sensitive files leave your firewall.

Granular permission settings are yet another essential feature. They can be applied to folders, roles and documents. For instance, you may be able to restrict the viewing or downloading of spreadsheets to a select group of users only and also provide the option to viewers to add their own notes.

If you’re looking for more advanced features, go with a provider that can provide you with custom security control. iDeals for instance, allows you to create a custom watermark to documents and configure multiple permissions, including ‘view-only modes, fence views screen-blocking, remote wipe, as well as up to eight levels of document access control. It also has built-in redaction and supports a number of languages.