The most important aspect of a Data Room to consider is its security. Often, this means that you can have the ability to set up granular permissions and monitoring capabilities to ensure that the data is only viewed by the people you want to see it by. Watermarks as well as expiration dates for documents and other security measures can also be used to avoid leaks of data. You should search for an organization that provides a range of these options, so that you can customize your data room according to your requirements.

A dashboard is another important feature that lets you monitor the activity of your Data Room. This will allow you to keep the track of who has viewed what and for how long so that you can make sure your data is only viewed by the right people at the right moment. This can be particularly helpful in M&A transactions when you will need to share your information with third parties who are not familiar with your company.

It is also important to ensure that your Data Room can store the documents you’re planning to upload. You should choose a provider that offers subscriptions and packages that are scalable so you can upgrade when your needs change. Additionally, it is crucial to know if your provider will provide tools for managing tasks within your Data Room that will allow you to assign uploading and reading tasks to users and track their progress.

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