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The Benefits of a Virtual Deal Space

diligence software for investment banking

A virtual deal room is an online portal which eliminates the need for multiple emails or sharing documents on the hard drive. The buying committee is able to join an online meeting with one click. They can talk about objectives and objections and consume helpful content. They can also call the sales rep in case they have any questions. This means that sales can help move deals through the deal cycle more quickly and efficiently.

You can also streamline contract review and signing by embedding a form in your online meeting. This information is sent directly to your CRM, so that your finance team can more quickly reconcile commissions.

Private equity firms typically use VDR solutions to manage their M&A contracts and other sensitive documents. They can upload their data and work with investors, buyers and other stakeholders using customizable permission settings. Furthermore, they can keep their documentation securely and comply with regulations such as FINRA and SOX with retention and disposal features.

Real estate firms and developers of immovable property are another type of business that could benefit from a VDR because they often have to exchange large amounts of documents with other companies. By hosting these crucial files in a virtual sales room they are able to accelerate the due diligence process and avoid costly delays. They can also enhance the customer experience by utilizing VDRs to host interactive 3D models and floorplans. This is an effective method to help buyers visualize a project and make an informed decision.

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