Data room is an online collaboration tool that assists in streamlining due diligence and enhance the process of making deals. It can be used to store, share, access and manage sensitive documents and files. It provides an secure and safe environment for collaboration between multiple stakeholders. It also supports different formats of files and works with cloud solutions for easy access. It is simple, but has powerful features like one-click document generation, role-based workflows for Q&A and 30+ advanced data discovery tools to automate and increase productivity.
It allows users to search a database for specific images, text or parts of documents. Users can also redact documents like doc, docx, txt as well as ppt, jpg, and gif files in bulk ensuring the privacy of sensitive data. In addition, it allows users to customize documents with custom watermarks that help keep out unauthorized distribution and ensure the integrity of the files. It also supports single-sign-on, which allows the platform to integrate with identity management systems like Okta Ping Identity Azure AD OneLogin.
The user-friendly interface allows users to upload and view documents in a variety of formats, including PDF, DOCX documents, DOC XLS TXT, and more. It allows users to label files to categorize them and use them as search items. For security and privacy up to eight levels of document permissions 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 more than 90 languages for global support. Users can get instant email or notifications in-platform when critical thresholds and landmarks are met which allows for proactive management.