Data room software allows businesses to streamline, accelerate and automate the due diligence process in preparation for a deal or IPO. It features powerful delivery modules that allow users to upload documents for a faster and more secure experience. It provides a variety of security features, including granular permissions for documents and documents that allow only view access and customizable watermarks. Additionally, it provides real-time audit trails and graphic reports that make tracking activities more effective.
The program supports more than 14 languages and features a scroll-through feature to allow for more seamless file browsing. It also comes with an effective search feature that allows users to find specific content within any file within the data room. It also allows users to add personal notes to a file that are only viewable by them. If a person from a third-party team accesses the file, they won’t be able to see the author comments.
It is user-friendly and claims to be one of the easiest on the market. It also has a number of essential features like bulk uploads via drag-and-drop and Q&A functionality. It is utilized in many different industries, including tax professionals and realtors.
It is a compliance-oriented product, and it complies with ISO 27001 and GDPR for medical and biotech firms. It offers a secure virtual workspace that allows users to collaborate on documents and share them in real time. Its advanced security features include a bank-level encryption, both in stationary and in transit and granular permissions for folders and files 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 which integrates with over 30 file types.