Access control for data rooms allows for monitoring entry and exit from your data center. You can also cancel permissions in real-time in case you have doubts or suspicions. Advanced security features such as dual intervention mode, supervisor mode, and two-factor authentication allow you to make sure only authorized users have access to your assets. In addition, you can establish permissions for each user by determining their role and contribution to the project to stop information leaks.
When choosing a virtual data room, think about its user-friendly design and features. Look for an VDR that offers an easy and user-friendly interface that can be utilized by both the CFO as well as an accountant at the entry level. A well-designed UI will also help improve collaboration by making it easy to do sharing of files, commenting and centralized communication.
It is also recommended to look for an VDR equipped with tools that help facilitate due diligence and M&A transactions. A data room online with a Q&A section, for example, can help you complete the financing process by providing your potential investors with a safe and easy platform to read documents. A VDR which includes legal practice management can be beneficial in regulating the information exchanged between lawyers and their clients.
If you’re using the virtual dataroom to share files with others, choose one that includes dynamic watermarks. They add a unique identifier to each document, and also display the recipient’s email address and IP address in order to stop unintentional sharing and increase traceability in case of a breach. Additionally an VDR with an encrypted spreadsheet viewer ensures the security of the document to prevent unauthorised editing and copying.