Your data room software is a unique due diligence tool that helps to organize, structure and a user-friendly interface to a lengthy and complicated process. In M&As and tenders, capital raisings as well with other corporate events many documents have to be viewed to make an informed decision. Making sense of all this information is a time-consuming task and prone to error.
There are a variety of features that can make reviewing more efficient. One of the most beneficial features is a powerful Q&A feature that 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 such as fence view, screen-locking and encryption. These options can help to prevent unauthorized access, and reduce the chance that cyberattacks or breaches could occur after sensitive information leaves your company’s firewall.
Another feature that is essential is the adjustable permission settings, which can be used based on role, folder and document level. It is possible to limit access to or download of spreadsheets only to certain users and allow them to note notes.
If you need more advanced features, look for a provider that offers customized security controls. For example, iDeals allows you to add a custom watermark to all documents and configure multiple user permissions including ‘view only’ modes including fence view screen blocking, remote wipe and up to eight levels of access control. It also comes with built-in redaction, and it supports a variety of languages.
www.yourdataroom.org/fundraising/