Data room software lets businesses to streamline, speed and simplify the due diligence process to help prepare for a deal or IPO. It comes with powerful delivery tools that allow users to upload files faster and more secure. It provides a variety of security features, including specific permissions for documents, view-only access to documents and watermarks that can be customized. It also provides real-time audit trail and graphical reports to make monitoring activities more efficient.
The program supports more than 14 languages and features a scrolling function that allows for a seamless file browsing. It also comes with an effective search feature that allows users to locate specific text within any file within the data room. It also allows users to add personal notes to a file that are only accessible by them. This way, if outside of the third party team views the same file, they won’t be able to see the author’s notes.
It claims to have the data room software simplest interface on the market. It also includes a range of fundamental features, including drag-and-drop bulk uploads and Q&A features. It is utilized in many different sectors, such as tax professionals and realtors.
It is compliant and complies with ISO 27001, GDPR, GCP and HIPAA for biotech and medical companies. 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 level of encryption that is bank-level both at stationary and in transit as well as granular permissions to both files and folders and a password-protected download feature along with a customizable watermark as well as the expiration date for viewing documents. It also includes an electronic signature solution that works with over 30 formats for files.
