Your data room is an exclusive due diligence tool that offers organisation, structure and ease of use for a lengthy and complex process. During M&A tenders, capital raising and other corporate events, there are many documents to be reviewed before a decision can be taken. Making sense of all this information is a time-consuming task and prone to error.

There are a variety of important features that can help to make the process of reviewing more efficient. One of the most useful features is a powerful Q&A feature that allows you to add comments, questions, and answers in real-time for all documents in the data room. Other security features include fence view screen locking, screen locking, and encryption. These can be used to block unauthorised access and decrease the chance of cyberattacks or breach that can occur when sensitive files leave your firewall.

Granular permission settings are yet another important feature. They can be applied to folders, roles and documents. For example, you may be able to restrict the viewing or downloading of spreadsheets to a select group of users, but also give the option for users to https://www.yourdataroom.org/life-sciences add notes of their own.

If you need more advanced features, look for a provider that offers customisable security controls. For instance, iDeals allows you to add a custom-designed watermark to all documents and configure a variety of user permissions including ‘view only’ modes fencing view screen blocking remote wipe and up to eight levels of access control. It also supports multiple languages and has redaction built-in.