www.yourdataroom.org/due-diligence/
Your data room is a unique due diligence tool that provides structure, organization, and ease of use for a lengthy and complex process. During M&A capital raising, tenders and other corporate events, there are many documents to be reviewed before a final decision can be made. Combing through all of the information can be time-consuming and is prone to errors.
There are a variety of features that can improve the process of reviewing efficient. One of the most beneficial features is a robust Q&A feature that allows you to add comments, questions, and answers in real-time to all documents within the data room. Other security features include fence view as well as screen locking and encryption. These options will help in preventing unauthorised access and decrease the chance that cyberattacks, or breaches could occur after sensitive data is removed from your firewall.
Another important feature is specific permission settings, which can be used based on the role, folder and document level. For instance, you might wish to restrict access or downloading of spreadsheets to a select group of users, but also give the option for viewers to add notes.
If you require more advanced features, select a service that provides customisable security controls. iDeals, for example, allows you to add a customized 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 supports multiple languages and has redaction built-in.