Data Room Software Review
Data room software helps businesses to streamline, accelerate and simplify the due diligence process to help prepare for a deal or IPO. It features powerful delivery modules to allow users to upload files for a speedier and more secure experience. It provides a variety security features, including granular permissions for documents and documents that allow only view access and watermarks that can be customized. It also provides real-time audit trails and graphic reports to make monitoring activities more efficient.
The software supports more than 14 languages and comes with a scroll-through feature to facilitate seamless file browsing. It also has an efficient search feature that lets users search for specific content within any file in the data room. Users can also make notes on the file that are only viewable by them. If someone from a third-party team accesses the document, they won’t see the comments made by the author.
It is user-friendly and claims to be the simplest available. It also comes with a variety of basic features such as bulk uploads by drag-and-drop, and Q&A functions. It is utilized in a variety of different industries, such as tax professionals and realtors.
It is compliant and complies with ISO 27001, GDPR, GCP and HIPAA for biotech and medical companies. It offers an encrypted virtual workspace that lets users to collaborate on documents and share them in real-time. Its advanced features include banking level encryption during rest and in transport, granular access rights for files and folders as well as an option to download with password protection. It also has a built-in electronic signature solution that integrates with more than 30 file formats.