Your data room is a distinctive due diligence tool that offers structure, organization and ease of use for a long and complicated process. During M&A capital raising, tenders and other corporate occasions, there are numerous documents to be reviewed before a final decision can be taken. It is time-consuming to go through all the information and it can lead to mistakes.

There are several options that can help make the review process more efficient. One of the most effective features is a powerful Q&A feature that lets you add comments, questions, and answers in real-time for all documents in the data room. Other security features include fence view screen locking, screen locking, and encryption. These will help to prevent unauthorised access and lower the risk of cyberattacks or breaches that might occur after sensitive data leaves your firewall.

Granular permission settings are yet another important feature. They can be applied to roles, folders and documents. You might want to limit the viewing or downloading of spreadsheets only to certain users, and let them add notes.

If you’re looking for more advanced features, choose a service that provides customisable https://www.yourdataroom.org/ma security controls. iDeals for instance, allows users to add a custom watermark to documents, and also configure multiple permissions including ‘view only’ modes, fence views screen-blocking, remote wipe, in addition to up to eight levels document access control. It also includes redaction and can be used in a variety of languages.