Data room software helps businesses streamline, expedite and automate the due diligence process in the event of a business deal or IPO. It comes with powerful delivery tools that permit users to upload files faster and with better security. It also comes with a range of security features including the ability to control document permissions in granular detail, as well as watermarks that are view-only and customizable. It also offers a real-time audit trails and graphic reports to make tracking activities more efficient.
The program supports more than 14 languages, and has a scrolling functionality that allows seamless browsing of files. It also features a powerful search feature that allows users to find specific words in any file within the data room. Users can also add notes to files that are only visible by them. If someone from a third-party team accesses the document, they won’t see the comments of the author.
It is user-friendly and claims to be the most user-friendly available. It also comes with a variety of essential features like bulk uploads via drag-and-drop and Q&A capabilities. It is utilized in many different industries, such as tax professionals and realtors.
It is a compliance-oriented product and is in compliance with ISO 27001 and GDPR for biotech and medical businesses. It offers an encrypted virtual workspace that lets users to collaborate on documents and share them in real time. Its advanced security features include a level of encryption that is bank-level both at stationary and in transit and granular permissions for files and folders with a password-protected download option as well as a custom watermark and the expiration date for viewing documents. It also has an integrated e-signature that integrates with over 30 types of files.