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Key Features to Look For in Your Data Room Software

Your data room is a unique due diligence tool that provides organisation, structure, and ease of use for a lengthy and complex process. In M&As and tenders, capital raisings as well and other corporate events a large number of documents have to be viewed in order to make a decision. It is time-consuming to look through all this information, and it is prone to errors.

There are a variety of features that can make reviewing more efficient. One of the most beneficial features is a powerful Q&A feature which allows you to add comments, questions, and answers in real-time to all documents data room Life Sciences within the data room. Another is a variety of security options including fence view, screen-locking, and encryption. These options will prevent unauthorised access, and lower the chance that cyberattacks or breaches could occur after sensitive data is removed from your firewall.

Granular permission settings are another essential feature. They can be applied to roles, folders and documents. For example, you may decide to limit viewing or downloading of spreadsheets for certain users only and also provide the option for users to make notes of their own.

If you need more advanced features, search for a service that provides customizable 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 such as fence view and screenshot blocking remote wipe, and up to eight levels of access control. It also supports multiple languages and has redaction built-in.

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