Data room is a tool for collaboration that simplifies due diligence and improves the process of negotiating. It is used for storing, sharing, accessing and managing sensitive files and documents. It offers the security and safety of a safe environment to collaborate with multiple stakeholders. It supports different formats for documents and integrates cloud solutions to make access easy. It is simple, but has powerful features like one-click document generation, role-based workflows to answer questions and 30+ data discovery tools that automatize and boost productivity.
It allows users to search databases to locate specific text, images, or sections of documents. Users can also remove documents like doc, docx, txt, ppt jpg gif jpg and gif in bulk to ensure the privacy of sensitive data. In addition, it helps users to modify documents with custom watermarks to keep out unauthorized distribution and ensure the integrity of the files. It also supports single-sign-on and allows the platform to work with identity management systems like Okta Ping Identity Azure AD OneLogin.
The user-friendly interface lets users upload and display documents in over 25 different formats including PDF, DOCX and the DOC, XLS and TXT. It lets users label files to categorize them and then use them as search items. For security and privacy up to 8 levels of permissions for documents are possible including viewing and fence view documents that are encrypted. It also allows downloading PDF files and downloading original documents. The tool can also be translated into over 90 languages, providing global support. Users will receive instant email or in-platform notifications regarding important milestones and thresholds, which allows for proactive management.