Data room is a tool for collaboration which streamlines due diligence and enhances the process of making deals. It helps to store data, share, access, and manage sensitive documents and files. It offers the security and safety of a safe environment for collaboration between multiple stakeholders. It also supports multiple formats of documents and is compatible with cloud services for easy access. It provides simple but powerful features, such as one-click document generation, role-based workflows to answer questions and more than 30 advanced data discovery tools that automatize and boost productivity.
It lets users search databases for specific images, text or areas of documents. Users can also redact files like doc, Docx, TXT ppt images, jpgs, gifs and gifs in large quantities to protect the security of sensitive data. Additionally, it allows users to modify documents using custom watermarks that help prevent unauthorized distribution and protect the integrity of the files. It also supports single-sign-on and allows 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 more than 25 different formats such as PDF, DOCX and Doc, XLS and TXT. Users can create labels to classify and search files. Up to eight levels of permissions for documents can be incorporated for security and privacy, such as fence view, viewing, download encrypted PDFs and downloading original documents. The tool can also be translated into over 90 languages to support global users. Users will receive instant emails or notifications in-platform when critical thresholds and landmarks are met which allows for proactive management.
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