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Key Features to Look For in Your Data Room Software

https://www.yourdataroom.org/virtual-data-room-pricing

The software for your data room is a unique due diligence software that offers structure, organization and ease of use to a complicated and protracted process. In M&As and tenders, capital raisings as well with other corporate events a large number of documents need to be reviewed in order to make an informed decision. It is time-consuming to look through all of this information, and it is susceptible to mistakes.

There are plenty of essential features that can be used to make the review process much more efficient. One of the most useful features is a robust Q&A feature which allows you to add comments, questions and answers in real-time to every document in the data room. Another option is a variety of security options such as fence view, screen-locking, and encryption. These options will prevent unauthorized access, and reduce the chance that cyberattacks or security breaches could occur when sensitive data leaves your company firewall.

Granular permission settings are an additional essential feature. They can be applied to folders, roles and documents. You may want to limit the downloading or viewing of spreadsheets to specific users, and let them note notes.

If you’re looking for more advanced features, search for a provider that has customizable security controls. iDeals, for example, allows you to create a custom watermark to documents and configure multiple permissions that include ‘view-only modes, fence views screen-blocking, remote wipe, as well as up to eight levels of document access control. It also includes redaction and can be used in a variety of languages.

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