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Data room software aids businesses streamline, speed up and automate their due diligence processes for an upcoming business deal or IPO. It has powerful delivery tools to help users upload files to provide a faster and more secure experience. It offers a range of security features, including specific permissions for documents and view-only access to documents and custom watermarks. Additionally, it provides real-time audit trails as well as graphical reports that help in tracking activity more efficient.
The program supports more than 14 languages, and it has a scrolling feature that allows for seamless browsing of files. It also comes with a powerful search feature that allows users to find specific text within any file in the data room. Users can also make notes on files that are only accessible to them. This way, if someone other than the third party team accesses the same file, they won’t be able to see the author’s notes.
It claims to have the easiest interface on the market. It also has a number of essential features like bulk uploads by drag-and-drop, and Q&A functions. It is utilized by many different industries like realtors, tax professionals and agencies.
It is compliant and in compliance with ISO 27001, GDPR, GCP and HIPAA for medical and biotech companies. It offers an encrypted virtual workspace that lets users to collaborate on documents and share them in real time. Its advanced features include a bank-level encryption at rest and in travel, granular permissions for folders and files as well as the option of downloading with a password. It also comes with an integrated e-signature that integrates with more than 30 types of file.