Data room software assists businesses speed up, streamline and automate the due diligence process for an upcoming business deal or IPO. It comes with powerful delivery modules to help users upload files for a quicker and more secure experience. It comes with a variety of security features, including document-specific permissions and documents that allow only view access and customizable watermarks. It also provides a real-time audit trails and graphic reports to make tracking activities more efficient.
The software supports more than 14 languages and includes a scrolling feature that allows seamless browsing of files. It also comes with a powerful search feature that allows users to locate specific text within any file within the data room. It also allows users to make notes on the file that are only accessible by them. If a person from a third-party team is viewing the file, they won’t be able see the comments of the author.
It claims to offer the easiest interface available. It has many basic features, like bulk uploads by drag-and-drop and Q&A features. It is used in many different sectors, including tax professionals and realtors.
It is compliant and in compliance with ISO 27001, GDPR, GCP and HIPAA for biotech and medical companies. It offers an encrypted virtual workspace that allows users to collaborate on documents and share them in real-time. Its advanced features include a bank-level encryption at rest and in transport, granular permissions for folders and files as well as the option of downloading with a password. It also has an integrated electronic signature that works with more than 30 file types.