Data room software helps businesses to streamline, speed and automate due diligence in preparation for a deal or IPO. It is equipped with powerful delivery modules that permit users to upload documents faster and with greater security. It provides a variety security features, including specific permissions for documents as well as access to documents with view-only privileges and custom watermarks. It also provides a real-time audit trail and graphical reports to make tracking activities more efficient.
The program supports more than 14 languages, and it has a scrolling feature that allows for seamless browsing of files. It also has an efficient search feature that allows users to locate specific information within any file within the data room. Users can also make notes to files that are only visible to them. If a person from a third-party team accesses the file, they won’t be able to see the author comments.
It claims to have the simplest interface on the market. It is equipped with many of the basic features, including drag-and drop bulk uploads and an ability to ask questions. It is utilized in many different sectors, including realtors and tax professionals.
It is a compliance-oriented product and is compliant with ISO 27001 and GDPR for biotech and medical companies. It offers an encrypted virtual workspace that lets users to collaborate on documents and share them in real time. Its advanced features include a bank-level encryption at rest and during transport, granular access rights for files and folders as well as a password-protected download option. It also includes an e-signature solution that is integrated with over 30 file formats.