Key Features to Look For in Your Data Room Software

The software for your data room is a unique due-diligence software that provides organisation, structure and user-friendliness to a lengthy and complicated process. When it comes to M&A tenders, capital raising and other corporate events, there are many documents that must be reviewed before a decision can be taken. Making sense of all this information is a time-consuming task and is prone to errors.

There are many features that can make the review process more efficient. One of the most effective features is a robust Q&A feature that lets you add questions, comments, and answers in real-time to all documents within a data room. Other security features include fence view security, screen locking and encryption. These can be used to block access to your data that is not authorized and reduce the chance of cyberattacks or breach that can occur when sensitive files leave the firewall of your company.

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

If you’re looking for more advanced features, look for a provider that has customizable security features. For example, iDeals allows you to add a custom-designed watermark https://www.yourdataroom.org/ma to all documents and configure a variety of user permissions including ‘view only’ modes, fence view screen blocking, remote wipe and up to eight levels of access control. It also supports multiple languages and has redaction built-in.