Your data room is a unique due diligence tool that provides organisation, structure and ease of use for a lengthy and complex process. During M&As, tenders and capital raising, as well and other corporate events many documents have to be viewed in order to arrive at an informed decision. Combing through all of this information is a time-consuming task and prone to error.
There are https://www.yourdataroom.org/life-sciences several features that can improve the process of reviewing efficient. One of the most useful features is a robust Q&A feature which allows you to add comments, questions and answers in real-time to all documents in a data room. Another is a variety of security options like fence view, screen-locking, and encryption. These options will help in preventing access to your data that is not authorized, and also reduce the possibility that cyberattacks and breach could occur if sensitive data leaves the firewall of your company.
Granular permission settings are another important feature. They can be applied to folders, roles and documents. You may want to restrict access to or download of spreadsheets to only certain users, and let them add notes.
If you require more advanced features, go with one that offers customizable security control. For instance, iDeals allows you to add a custom-designed watermark to all documents and configure a variety of user permissions including ‘view only’ modes including fence view and screenshot blocking, remote wipe and up to eight levels of document access control. It also supports multiple languages and comes with redaction built-in.