Unraveling Dealroom Software
In merger and acquisition processes the success of a transaction depends to a large extent on how well integration post-merger is handled. The right tools for managing projects can drastically cut down M&A times, boost productivity and enable businesses to realize significant value from a deal.
A tool for managing projects that includes M&A features as well as a virtual dataroom (VDR), can help to streamline collaboration and accelerate due-diligence. The tool offers secure document exchange for multiple stakeholders and can support a variety M&A workflows.
The application comes with an easy drag-anddrop upload feature that allows users to import folders and documents in massive quantities. The platform also lets them set permissions settings to restrict access to editing, viewing and downloading access. Its security features include two-factor authentication, password policies and audit logs for better compliance with regulatory requirements. It also has a mobile app for anytime, anywhere access.
Users can monitor progress on diligence requests with an easy-to-read dashboard. They can also use custom labels and create reminders for late requests. The tool helps them track high risk, at-risk and urgent requests to monitor due diligence. The tools collaboration features include an employee calendar, the ability to share files, tasks and meetings with external partners, and an internal calendar that is shared. It also includes chat capabilities to facilitate communication with counterparties, and a central repository for all diligence-related data. The solution is suitable for medium and small-sized businesses in any industry that is involved in M&A transactions.