Data room software helps businesses speed up, streamline and automate their due diligence processes for a forthcoming business deal or IPO. It comes with powerful delivery tools that permit users to upload documents faster and with Eset features better security. It also comes with a range of security options, including specific document permissions, access to view-only documents and custom watermarks. It also offers a real-time audit trail and graphical reports to make monitoring activities more efficient.
The program supports more than 14 languages and has a scrolling feature that allows seamless file browsing. It also has an effective search feature that allows users to locate specific information within any file within the data room. Users can also add personal notes to a file that are only accessible by them. If someone from a non-company team accesses the file, they won’t be able to see the notes of the author.
It is user-friendly and claims to be the easiest available. It is equipped with many of the basic features, like bulk uploads that can be dragged and dropped, as well as an ability to ask questions. It is utilized in many different sectors, including tax professionals and realtors.
It is a compliance-focused product and complies with ISO 27001, GDPR, GCP and HIPAA for biotech and medical companies. It provides an encrypted virtual workspace where users can collaborate on documents in real time and share the documents. Its advanced features include bank level encryption at rest and in transit, granular permissions both for files and folders and an option to download with password protection. It also has a built-in electronic signature solution that integrates with more than 30 file formats.