Your data room is an exclusive due diligence tool that offers organisation, structure, and ease of use to simplify and speed up the process. When conducting M&As or tenders, capital raisings, as in other corporate events, many documents have to be viewed to make a decision. It can be time-consuming to go through all of this information, and it https://www.yourdataroom.org/fundraising can lead to errors.
There are plenty of key features that can help in making the review process much more efficient. One of the most helpful features is a powerful Q&A feature which allows you to add comments, questions and answers in real-time to every document in the data room. The other is a range of security options like fence view, screen-locking, and encryption. These options will help in preventing unauthorised access, and lower the chance that cyberattacks, or breaches could occur after sensitive data leaves the firewall of your company.
Another feature that is essential is the specific permission settings, which can be set based on the role, folder and document level. For instance, you could want to restrict viewing or downloading of spreadsheets to certain users only, and also offer the option for users to add notes of their own.
If you require more advanced features, select a provider that can provide you with custom security control. iDeals for instance, allows you to apply 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 document access control. It also includes redaction and supports a number of languages.