Unraveling Dealroom Software
The success of a merger and acquisition process is heavily dependent on the post-merger integration. The right tool for managing projects can cut down M&A timelines and boost productivity, allowing businesses to realize significant benefits from any transaction.
A tool for managing projects that incorporates M&A features along with a virtual dataroom (VDR), can help to streamline collaboration and speed up due-diligence. The tool allows secure document exchange between various stakeholders, and is able to support various M&A workflows.
The application offers an easy drag-and drop upload feature that allows users to upload folders and documents in bulk. The platform also lets users modify permission settings to limit access to editing, viewing and downloading access. Its security features include two-factor authentication, a password policy and audit logs to improve regulatory compliance. It also offers an app for mobile devices that allows anytime, anywhere access.
Users can monitor progress on diligence requests through an at-a-glance dashboard. They can also apply custom labels and set reminders for late requests. The software allows them to track high-risk requests, at-risk requests my link and requests with high priority to monitor due diligence. The tool’s features for collaboration include an employee calendar as well as the ability to share files, tasks and meetings with external partners and an internal calendar that is shared. Additionally, it comes with chat functions to facilitate communication with counterparties and serve as a central repository for all diligence-related information. This solution is ideal for medium and small-sized businesses in any sector that performs M&A transactions.
