Data room software accelerates M&A transactions and simplifies due diligence. Secure storage, device-agnostic sync with 24/7 support, and easy integration into your workflow can assist you in ensuring the security of confidential information, control the management of information, and ensure compliance with the regulatory requirements.
Simple navigation and a straightforward user interface make it easy to locate files. The ability to customize settings and a color scheme enable you to ensure that your data room to your branding. Use logo watermarks for viewing, downloading, or printing documents. Use a powerful Optical Character Recognition system to search for text in images and PDFs.
Create access rights based on the users’ roles within the project. For instance, if they can view documents, download them, or print them, and how often they’ll be notified of new documents. Two-step user identification verification uses an authentication code and a password. It is a one-time code sent via SMS or authenticator software to ensure that only authorized users have access the documents.
Keep track of tasks, Q&A threads, and due dates with email notifications that can be set in terms of frequency via the dashboard. You can also include a summary of the task in the notification message.
The most effective software for managing data rooms is compatible with a broad variety of operating systems and browsers, including mobile phones and tablets. It allows uploading and converting from many popular formats, such as Word, Excel, PNG, JPG, PDF, TXT, RTF, HTML and ZIP. The solution offers a flexible subscription plan, which includes unlimited storage, an automatic backup for the entire database, as well as support for 10 users.