Unraveling Dealroom Software
In merger and acquisition processes the success of a deal is dependent on the way in which post-merger integration is executed. The right project management tool will help to reduce M&A times and increase productivity, allowing companies to maximize the value of an acquisition.
A project management tool that includes M&A features and a virtual data room (VDR) can simplify collaboration and accelerate due diligence. The solution provides secure document exchange with multiple stakeholders and supports a variety of M&A workflows.
The application has a drag-and-drop feature that allows users to do bulk transfer of folders and documents. The platform also lets them set permissions settings to restrict access to editing, viewing and downloading access. Its security features include two-factor authentication, a password policy and audit logs for improved compliance with the law. It also has an app that can be used on mobile devices for any time, anywhere access.
Users can monitor the progress of diligence requests through an at-a-glance dashboard. They can also use custom labels and create reminders for late requests. The software allows them to monitor high-risk requests, at-risk requests and requests with high priority to ensure due diligence. Its collaboration capabilities include an internal calendar for the team and the possibility of sharing tasks, meetings, and files with external partners. It also comes with a chat feature to facilitate communication with counterparties and a central repository of all diligence-related information. The software is suitable for small and medium-sized companies in any industry that conducts M&A transactions.