Data room app is an online collaboration tool that aids in reducing due diligence and improve the process of negotiating. It is used to store data, share, access, and manage sensitive files and documents. It provides the security and safety of a safe environment for collaboration between multiple stakeholders. It also supports a variety of formats of documents and is compatible with cloud solutions for easy access. It comes with simple but powerful features, such as one-click document generation, role-based workflows to answer questions and 30+ data discovery tools to automate and enhance productivity.

It lets users search a database to find specific text, images, or sections of documents. Users can also delete documents like doc, docx, txt as well as ppt, jpg, and GIF files in bulk to ensure the privacy of sensitive data. It also lets users customize documents by incorporating custom watermarks which help prevent unauthorized distribution of documents and protect their integrity. 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 lets users upload and display documents in over 25 different formats such as PDF, DOCX, and DOC, XLS and TXT. Users can create labels to classify and search documents. Up to eight levels of permissions for documents can be implemented for security and privacy, including fence view, viewing, download encrypted PDF, and downloading original files. The tool is also available in more than 90 languages to offer global assistance. Users can receive immediate email or in-platform notifications regarding important thresholds and milestones which facilitates proactive management.

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