Data room software helps businesses streamline, expedite and automate their due diligence process for a forthcoming business deal or IPO. It comes with powerful delivery tools that let users upload documents faster and with greater security. It also provides a variety of security features, including specific document permissions, access to view-only documents and custom watermarks. In addition, it offers real-time audit trails as well as graphical reports that make tracking activities more effective.
The program supports more than 14 languages and it features a scrolling function that allows for seamless file browsing. It also comes with iDeals a powerful search feature that allows users to locate specific text within any file in the data room. It also allows users to add personal notes to files that are only accessible to them. This way, if outside of the third party team views the same file, they won’t be able see the notes of the author.
It claims to have the most user-friendly interface available. It also includes a range of basic features, such as bulk uploads by drag-and-drop, and Q&A functionality. It is used in a variety of different industries, including realtors and tax professionals.
It is a compliance-focused product, and it complies with ISO 27001 and GDPR for biotech and medical firms. It offers a secure virtual workspace that allows users to collaborate on documents and share them in real-time. Its advanced features include a security level that is bank-level and in transit, granular permissions both for files and folders as well as a password protected download option. It also has an integrated e-signature that integrates with more than 30 types of file.