Data room is a web-based collaboration tool that helps streamline due diligence and improve the process of negotiating. It helps to store documents, share them, and access and manage sensitive documents and files. It offers security and safety for collaboration between multiple stakeholders. It also supports different formats of files and works with cloud services for easy access. It is simple but has powerful features like one-click document population workflows for Q&A based on role and 30plus advanced data discovery tools for efficiency and automation.

It lets users search a database for specific images, text or areas of documents. Users can also delete documents like doc, docx, txt, ppt, jpg and GIF files at a time, which ensures the privacy 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 and enables the platform to connect with external identity management systems like Okta, Ping Identity, Azure AD and OneLogin.

The user-friendly interface allows users to upload and view documents in a variety of formats like PDF, DOCX, DOC, XLS TXT, and more. It allows users to label files to categorize them and use them as search items. Up to eight levels of document permissions can be incorporated for security and privacy, including fence view viewing, downloading encrypted PDFs and downloading original files. The tool is also available in more than 90 languages to provide worldwide support. Users can receive immediate email or notifications on the platform for important milestones and thresholds, which allows for proactive management.