Your data room is a https://www.yourdataroom.org/life-sciences unique due diligence tool that offers organisation, structure and a user-friendly interface for a long and complicated process. In M&A, capital raising, tenders and other corporate events, there are countless documents to be reviewed before a decision can be taken. It is time-consuming to go through all this information, and it can lead to errors.
Fortunately, there are many key features that can help to make the process of reviewing more efficient. One of the most beneficial features is a powerful Q&A feature that lets you add questions, comments, and answers in real-time to every document in a data room. Other security features include fence view security, screen locking and encryption. These options will help prevent unauthorised access and decrease the chance that cyberattacks, or security breaches could occur when sensitive data leaves the firewall of your company.
Granular permission settings are a second important feature. They can be applied to folders, roles and documents. For instance, you might decide to limit viewing or downloading of spreadsheets to a select group of users and provide the option for users to add notes of their own.
If you require more advanced features, search for a service that provides customized security controls. iDeals is one example. It allows you to apply a custom watermark to documents and configure multiple permissions, including ‘view-only’ modes, fence views, screen-blocking, remote wipe, as well as up to eight levels of document access control. It also supports multiple languages and comes with redaction built-in.
