Data room software aids businesses speed up, streamline and streamline their due diligence process for a forthcoming business deal or IPO. It comes with powerful delivery modules to help users upload files for a faster and more secure experience. It provides a variety of security options, including specific permissions for documents as well as access to documents with view-only privileges and watermarks that can be customized. It also provides a real-time audit trails and graphic reports to help track activity more efficient.
The software supports over 14 languages, and includes a scroll-through feature to facilitate seamless file browsing. It also comes with a powerful search feature that allows users to find specific words in any file within the data room. Users can also make notes to files that are only accessible to them. This way, if someone other than the third party team view the same file, they will not see the author’s comments.
It claims to have the most user-friendly interface on the market. It also includes a range of basic features such as drag-and-drop bulk uploads and Q&A capabilities. It is utilized by many different industries such as realtors, tax professionals and agencies.
It is compliant and complies with ISO 27001, GDPR, GCP and HIPAA for medical and biotech companies. It offers an online workspace that is secure and where users can collaborate on documents in real time and share them. Its advanced security features include a bank-level encryption both at rest and while in transit as well as granular permissions to both files and folders, a password-protected download option, a customizable watermark and document viewing expiry. It also comes with an integrated e-signature that integrates with over 30 file types.
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