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Data room is a web-based collaboration tool that can help streamline due diligence and improve the process of making deals. It is used to store information, sharing, accessing, and managing sensitive documents and files. It offers a secure and safe environment to collaborate with multiple stakeholders. It supports a variety of formats for files and integrates with cloud solutions to make access simple. It comes with simple, yet powerful features, such as one-click populating documents workflows for Q&A based on role and 30plus advanced tools for data discovery for automation and productivity.
It lets users search databases for specific text, images or sections of documents. Users can also remove files like doc, Docx, TXT ppt GIF, jpg, gif and gif in bulk to ensure the security of sensitive data. Additionally, it permits users to personalize documents by adding custom watermarks to stop unauthorized distribution and safeguard the integrity of the documents. It also supports single-sign-on, which allows the platform to integrate with identity management systems such as Okta Ping Identity Azure AD OneLogin.
The user-friendly interface lets users to upload and browse documents in a variety of formats like PDF, DOCX documents, DOC XLS TXT, and more. It lets users create labels to categorize files and make them search items. To protect privacy and security up to eight levels of document permissions are possible, including fence view and viewing download of encrypted PDF as well as downloading original documents. The tool is also available in more than 90 languages to provide worldwide assistance. Users will receive instant emails or notifications in-platform when critical milestones or thresholds are reached which allows for proactive management.
