Data room software helps businesses to streamline, speed up and automate the due diligence process to help prepare for a deal or IPO. It features powerful delivery modules that allow users to upload documents faster and with better security. It offers a range of security features, such as document-specific permissions and view-only access to documents data software and watermarks that can be customized. It also offers a real-time audit trail and graphical reports to help track activity more efficient.
The program supports more than 14 languages and it has a scrolling feature that allows for seamless file browsing. It also has a powerful search function which allows users to search for specific information within any file in 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 accesses the same file, they won’t see the author’s comments.
It is user-friendly and claims to be the simplest available. It also offers a range of basic features such as bulk uploads via drag-and-drop and Q&A capabilities. It is used by many different industries like realtors, tax professionals and agencies.
It is compliance-centered and complies with ISO 27001, GDPR, GCP and HIPAA for biotech and medical companies. It provides a secure virtual workspace in which users can collaborate on documents in real time and share them. Its advanced security features include bank-level encryption, both in rest and in transit and granular permissions for files and folders with a password-protected download option, a customizable watermark and the expiration date for viewing documents. It also includes an electronic signature solution that works with over 30 formats for files.