The use of data room software can streamline due diligence processes and accelerates how to use cloud data storage in business M&A deals. Secure storage, sync with no device and support 24×7 easy integration into your workflow can help you ensure the security of sensitive data, manage information management, and abide with regulatory requirements.
A simple user interface and intuitive navigation help you find files quickly and efficiently. You can modify the settings and color scheme to fit your brand. You can enable e-signatures, or add watermarks with logos to documents after viewing, downloading or printing and make use of a powerful Optical Character Recognition (OCR) system to find text in images or PDFs.
Set access rights based on users roles within the project – whether they can view, download or print documents and how often they receive notifications about new uploads of documents. Two-step authentication for user identification combines an authentication code and a password. It is a one-time code that is sent via SMS or an authenticator applications to ensure that only authorized users can access the documents.
You can customize the frequency of email notifications to keep the track of tasks, Q&A topics and upcoming deadlines. You can also choose to include a summary of the file’s contents in the notification message.
The most reliable data room software works with a wide range operating systems and browsers, including tablets and mobile phones. It supports uploading and converting from a variety of popular formats, such as Word, Excel, PNG, JPG, PDF, TXT, RTF, HTML and ZIP. The solution is available with an affordable subscription plan that provides unlimited storage, an automatic backup for the entire database, as well as support for 10 users.