Data room app is an online collaboration tool that assists in streamlining due diligence and improve the process of negotiating. It is used to store, sharing, accessing and managing sensitive documents and files. It provides a secure and safe environment to collaborate with multiple stakeholders. It supports various formats for files and integrates with cloud solutions to make access simple. It comes with simple but powerful features, such as one-click document generation as well as role-based workflows for Q&A and 30+ advanced data discovery tools to automate and improve productivity.
It lets users search a database for specific images, text or areas of documents. Users can also redact the doc, docx and txt, ppt, jpg and GIF files at a time, which ensures the privacy of sensitive data. It also allows users to alter documents by incorporating custom watermarks which can prevent the unauthorised distribution of documents and protect their integrity. It also supports single sign-on and lets the platform to work with identity management systems from outside such as Okta, Ping Identity, Azure AD and OneLogin.
The user-friendly interface allows users to upload and display documents in over 25 different formats such as PDF, DOCX, and Doc, XLS and TXT. It allows users to label files to categorize them and make them search items. For security and privacy up to eight levels of permissions for documents are possible including viewing and fence view, downloading encrypted PDF and downloading original documents. The tool can also be translated into more than 90 languages, providing global support. Users will receive instant emails or in-platform notifications when critical thresholds and landmarks are reached that allow for proactive management.