Data room app is a tool for collaboration that simplifies due diligence and improves the process of making deals. It is used for storing information, sharing, accessing, and managing sensitive files and documents. It offers a secure and safe environment for collaboration among multiple stakeholders. It also supports a variety of formats of documents and is compatible with cloud services for easy access. It comes with simple, yet powerful features such as one-click document creation workflows for Q&A based on role and 30plus advanced tools for data discovery to increase productivity and automation.
It lets users search a database for specific images, text or areas of documents. Users can also remove documents such as docx, txt as well as ppt, jpg, and GIF files in bulk to ensure the privacy of sensitive information. Additionally, it permits users to modify documents using custom watermarks to prevent unauthorized distribution and protect the integrity of the documents. It also supports single sign-on, and enables the platform to work with external identity management systems like Okta, Ping Identity, Azure AD and OneLogin.
The user-friendly interface allows users to upload and view documents in 25+ different formats including PDF, DOCX and DOC formats, XLS TXT, and more. It lets users create labels to categorize files and make them search items. For security and privacy up to eight levels of document permissions are possible including fence view and viewing, downloading encrypted PDF and downloading original documents. The tool is also able to be translated into over 90 languages to support global users. Users can receive immediate emails or notifications in-platform when critical thresholds or landmarks are reached, allowing for proactive management.
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