As an Amazon Associate we earn from qualifying purchases.
Your data room is a distinctive due diligence tool that offers structure, organization, and ease of use for a complex and lengthy process. When it comes to M&A, capital raising, tenders and other corporate events, there are a myriad of documents that need to be reviewed before a final decision can be made. It is time-consuming to look through all this information and it is prone to mistakes.
There are many features that can improve the process of reviewing efficient. One of them is a dependable Q&A tool that allows you to add comments as well as questions and answers to all documents within the data room in real-time. There is also a range of security options, including fence view, screen lock and encryption. These options will help prevent unauthorised access and decrease the chance that cyberattacks, or breaches could occur once sensitive data leaves the firewall of your company.
Granular permission settings are a second important feature. They can be applied to roles, folders and documents. For example, you may wish to restrict access or downloading of spreadsheets to a select group of users and provide the option for users to add their own notes.
If you’re looking for more advanced features, select a provider that can provide you with custom security control. For instance, iDeals allows you to add a custom watermark on every document and to set multiple user permissions including “view check it out only” modes including fence view and screenshot blocking, remote wipe and up to eight levels of document access control. It also comes with built-in redaction and can be used in a variety of languages.
Amazon and the Amazon logo are trademarks of Amazon.com, Inc, or its affiliates.