Key Features to Look For in Your Data Room Software

Your data room is an exclusive due diligence tool that offers organisation, structure, and ease of use to simplify and speed up the process. During M&A, tenders, capital raising and other corporate events, there are a myriad of documents that must be reviewed before a final decision can be taken. It can be time-consuming to go through all this information, and it is susceptible to errors.

There are several features that make reviewing more efficient. One of the most beneficial features is a robust Q&A feature which allows you to add questions, comments, and answers in real-time for all documents in the data room. Other security features include you can try this out fence view security, screen locking and encryption. These options can help to prevent access to your data that is not authorized, and also reduce the possibility that cyberattacks and breaches could occur once sensitive data leaves the firewall of your company.

Another feature that is essential is the flexible permission settings that can be applied based on the role, folder and document level. You might want to limit the download or viewing of spreadsheets only to a select group of users, and let them add notes.

If you are looking for more advanced features, choose one that offers customizable security control. For instance, iDeals allows you to apply a custom watermark to all documents and configure multiple user permissions including ‘view only’ modes fencing view and screenshot blocking, remote wipe and up to eight levels of document access control. It also comes with built-in redaction and supports a number of languages.