https://www.yourdataroom.org/due-diligence
Your data room software is a unique due-diligence software that provides organisation, structure and ease of use to a lengthy and complicated process. When it comes to M&As, tenders, and capital raising, as well in other corporate events, a large number of documents need to be reviewed in order to arrive at a decision. It takes a long time to go through all this information, and it can lead to errors.
There are numerous tools that can improve the process of reviewing efficient. One of the most helpful features is a robust Q&A feature which allows you to add comments, questions and answers in real-time to all documents in a data room. There is also a range of security options, including fence view, screen lock and encryption. These can help prevent unauthorised access and decrease the risk of cyberattacks or breaches that could occur once sensitive data leaves your company firewall.
Another crucial feature is the adjustable permission settings, which can be set based on role, folder and document level. For instance, you could want to restrict viewing or downloading of spreadsheets to a select group of users and provide the option to viewers to add notes of their own.
If you need more advanced features, search for a provider that offers customized security controls. iDeals, for example, 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 of document access control. It also comes with built-in redaction and supports a number of languages.