Data room software assists businesses speed up, streamline and streamline their due diligence process for an upcoming business deal or IPO. It is equipped with powerful delivery modules that let users upload documents quicker and with more security. It also provides a variety of security features including specific document permissions, view-only access and customizable watermarks. It also offers a real-time audit trails as well as graphical reports to make tracking activities more efficient.
The program supports more than 14 languages and it features a scrolling function that allows for a seamless browsing of files. It also comes with a powerful search feature that allows users to locate specific text in any file in the data room. It also allows users to make notes on a file that are only viewable by them. This way, if else from the third party team view the same file, they won’t be able to read the comments of the author.
It is user-friendly and claims to be one of the easiest on the market. It comes with a variety of basic features, including drag-and drop bulk uploads and Q&A features. It is used in a variety of different industries, such as tax professionals and realtors.
It is a compliance-oriented product, and it complies with ISO 27001 and GDPR for biotech and medical businesses. It provides a secure virtual workspace that lets users to collaborate on documents and share them in real time. Its advanced security features include a bank-level encryption at stationary and in transit, granular permissions for both files and folders, a password-protected download option along with a customizable watermark as well as document viewing expiry. It also comes with an integrated e-signature that works with more than 30 file types.