The best software for data rooms is user-friendly and does not require a lengthy learning curve. This is crucial for project-oriented companies and teams who wish to concentrate their efforts on achieving the desired result of a deal or transaction instead of figuring out a new tool. A lot of providers provide checklists, templates and playbooks to help users organize and work effectively. Some offer advanced features such as iDeals Sync to allow for seamless integration with corporate file storage systems. Advanced search filters and tags with optical character recognition tools can help users find any document in just a few seconds. Other features that are commonly used include automatic index numbers, dynamic watermarks that appear on top of each uploaded document after viewing, downloading or printing and activity reports that show who accessed which documents for how long.
The virtual data room, iDeals, offers an array of security measures which protect confidential information. This includes two-factor authentication, customizable NDAs and bulk user invitation options. It also lets users cut out text, images or specific sections of a document and enable document access restrictions based on time and IP addresses.
Q&A reporting enables administrators to look up and print all questions, answers and comments received by experts during the course of a deal or project. They can easily assign the answers to other experts and alter the workflow. Data can be exported into Excel to make it easier.