Data room is an online collaboration tool that aids in reducing due diligence and enhance the process of negotiating. It is used to store sharing, accessing, sharing and managing sensitive documents and files. It offers an environment that is secure and secure for collaboration among multiple stakeholders. It supports different formats for files and integrates with cloud solutions to make access simple. It is simple but has powerful features such as one-click document creation as well as role-based Q&A workflows. 30+ advanced data discovery tools for efficiency and automation.
It allows users search a database to locate specific images, text or sections of documents. Users can also delete files such as doc,docx,txt ppt GIF, jpg, gif and gif in bulk to safeguard the security of sensitive data. It also lets users modify documents by incorporating custom watermarks which can prevent the unauthorised distribution of documents and protect their integrity. It also allows single sign-on and allows the platform to connect with identity management systems from outside like Okta, Ping Identity, Azure AD and OneLogin.
The user-friendly interface allows users to upload and display documents in more than 25 different formats including PDF, DOCX, and Doc, XLS and TXT. Users can create labels to categorize and search files. Up to eight levels of document permissions can be incorporated for security and privacy, such as fence view, viewing, download encrypted PDF and downloading the original files. The tool is also able to be translated into more than 90 languages to support global users. Users can receive immediate emails or notifications in-platform when critical milestones or thresholds are reached that allow for proactive management.