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Key Features to Look For in Your Data Room Software

The software for your data room is a unique due diligence tool that gives structure, organisation and ease of use to a complicated and protracted process. When conducting M&As or tenders, capital raisings as well in other corporate events, numerous documents must be reviewed to help make an informed decision. Making sense https://www.yourdataroom.org/real-estate of all this information is time-consuming and prone to error.

There are a variety of essential features that can be used in making the review process more efficient. One of the most crucial is a dependable Q&A tool that lets you add comments, questions and answers to all documents in the data room in real-time. Other security features include fence view security, screen locking and encryption. These can help prevent unauthorised access and lower the chance of cyberattacks or security breaches that may occur after sensitive files leave your company firewall.

Granular permission settings are an additional important feature. They can be applied to roles, folders and documents. You may want to limit the viewing or downloading of spreadsheets only to a select group of users and allow them to make notes.

If you require more advanced features, search for a provider that has customisable security controls. iDeals is one example. It allows you to create a custom watermark to documents and set multiple permissions, including ‘view-only’ modes, fence views screen-blocking, remote wipe, and up to eight levels document access control. It also supports multiple languages and has redaction built-in.