Data room software helps businesses to streamline, speed up and automate due diligence in preparation for a deal or IPO. It has powerful delivery tools to allow users to upload files for a faster and more secure experience. It offers a range of security features, such as document-specific permissions as well as access to documents with view-only privileges and custom watermarks. It also provides real-time audit trails and graphic reports to make monitoring activities more efficient.
The software supports more than 14 languages and includes a scrolling feature that allows for seamless file browsing. It also comes with a robust 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 by them. This way, if other than the third party team is viewing the same file, they won’t be able to see the author’s notes.
It comes with an intuitive interface and claims to be one of the easiest on the market. It comes with a variety of essential features, for example bulk uploads via drag-and-drop, and an ability to ask questions. It is used in a variety of different sectors, such as realtors and tax professionals.
It is compliant and complies with ISO 27001, GDPR, GCP and HIPAA for biotech and medical companies. It offers an encrypted virtual workspace that enables users to collaborate on documents and share them in real-time. Its advanced features include a banking level encryption during rest and during transport, granular permissions for folders and files and an option to download with password protection. It also includes an electronic signature system that integrates with more than 30 formats for files.