Data room app is a tool for collaboration which streamlines due diligence and improves the deal-making process. It is used to save data, share, access, and manage sensitive documents and files. It offers a safe and secure environment for collaboration among multiple stakeholders. It supports different formats for documents and integrates cloud solutions to facilitate access. It is simple, but has powerful features, such as one-click document generation, role-based workflows for Q&A and 30+ data discovery tools to automate and enhance productivity.
It lets users to search databases in order to find specific images, text or even areas of documents. Users can also redact documents like doc, docx, txt, ppt jpg gif jpg and gif in large quantities to protect the privacy of sensitive data. It also lets users modify documents by adding custom watermarks which can prevent the unauthorised distribution of files and protect their integrity. It also supports single-sign-on, allowing the platform to work with identity management systems, such as Okta Ping Identity Azure AD OneLogin.
The user-friendly interface allows users to upload and display documents in over 25 different formats, including PDF, DOCX and documents like DOC, XLS and TXT. Users can create labels to classify and search documents. Up to 8 levels of permissions for documents can be incorporated for security and privacy, such as fence view, viewing, download encrypted PDF and downloading original documents. The tool is also available in over 90 languages to offer global support. Users will receive instant emails or notifications on the platform when crucial thresholds or landmarks are reached which allows for proactive management.