Data room software helps businesses to streamline, speed up and simplify the due diligence process to help prepare for a deal or IPO. It features powerful delivery modules to help Board Collaboration Tools users upload files for a faster and more secure experience. It provides a variety of security options, including granular permissions for documents and documents that allow only view access and watermarks that can be customized. It also provides a live audit trails and graphic reports to help track activity more efficient.

The program supports more than 14 languages and includes a scrolling feature that allows for seamless browsing of files. It also has a powerful search feature that allows users to locate specific words within any file within the data room. Users can also make notes to files that are only accessible to them. If a person from a third-party team has access to the document, they won’t see the notes of the author.

It offers an easy-to-use interface and claims to be the simplest on the market. It has many basic features, such as bulk uploads by drag-and-drop and a Q&A feature. It is used in a variety of different industries, including realtors and tax professionals.

It is a compliance-focused product and is compliant with ISO 27001 and GDPR for medical and biotech firms. It provides an encrypted virtual workspace where users can collaborate on documents in real time and share them. Its advanced features include bank level encryption at rest and in transit, granular permissions both for folders and files as well as an option to download with password protection. It also includes an e-signature solution that is integrated with over 30 formats for files.