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

Your data room software is a unique due diligence tool that helps to organize, structure and user-friendliness to a long and complex process. In M&A capital raising, tenders and other corporate events, there are a myriad of documents that must be reviewed before a final decision is made. The process of combining all the information can be time-consuming and prone to error.

There are numerous features that can help make the review process more efficient. One of the most effective features is a robust Q&A feature that allows you to add comments, questions and answers in real-time to all documents in a data room. The other is a range of security options like fence view, screen lock and encryption. These will help in preventing unauthorised access and decrease the risk of cyberattacks, or breaches that could occur once sensitive files leave the firewall of your business.

Granular permission settings are yet another important feature. They can be applied to folders, roles and documents. For instance, you may want to restrict viewing or downloading of spreadsheets to specific users only and also provide the option to viewers to add their own notes.

If you need more advanced features, choose a provider that can provide you with custom security controls. iDeals, for example, allows you to add a customized watermark to documents and set multiple permissions that include ‘view-only modes, fence views, screen-blocking, remote wipe, and up to eight levels document access control. It also comes with built-in redaction and can be used in a variety of languages.