The software for your data room is unique due diligence software that provides organisation, structure and a user-friendly interface to a complicated and protracted process. In M&As and tenders, capital raisings, as and other corporate events a large number of documents need to be reviewed in order to arrive at an informed decision. Compiling all the information can be time-consuming and is prone to errors.

There are a variety of options that can help make the review process more efficient. One of the most crucial is a robust Q&A https://www.yourdataroom.org/due-diligence tool that allows you to add comments or questions to all documents in the data room in real-time. There is also a range of security options like fence view, screen-locking, and encryption. These will help in preventing unauthorised access and decrease the risk of cyberattacks, or breach that can occur when sensitive files leave the firewall of your company.

Granular permission settings are another essential feature. They can be applied to folders, roles and documents. For instance, you might be able to restrict the viewing or downloading of spreadsheets for certain users and provide the option for users to add their own notes.

If you’re looking for more advanced features, search for a service that provides customized security controls. iDeals is one example. It allows you to add a customized watermark on documents and to set multiple permissions including ‘view only’ modes, fence views, screenshot blocking, and remote wipe, in addition to up to eight levels document access control. It also includes redaction and works with a variety of languages.