DealRoom Software

DealRoom provider is a popular choice of a virtual data room for medium and large businesses.  It is an M&A lifecycle management software designed for collaboration and responsiveness. It specializes in providing a deal on the basis of digital platforms and is suitable for any business size clients. DealRoom managers guarantee high-level technical support, full customer maintenance during the transaction. This is a high price provider that’s why DealRoom VDR services are appropriate for middle or large-sized businesses. The starting price of the basic tariff plan is $750 USD / month. DealRoom Software provider aims to ease mergers and acquisitions. The developers took into account all the difficulties of making deals. The service is not cheap. So, the clients of this provider are medium and large businesses. Google, Microsoft Teams, Slack applications complement the platform. Preset templates help to speed up workflows. There are templates for due diligence, integration, portfolio management office, and many others. Administrators control access to the database. The function of downloading or copying a document may be disabled. The senders can control access to the file even after sending it. Fence View and encryption provide an extra level of security deal room software. Resting-state data is also encrypted. To prevent unauthorized access to protected data, users must complete 2-Step Verification. They have to enter the password from a message sent to their mobile phone or another device.

The VDR provider has been providing services since 2013. The product was created by people who focused on simplifying M&A transactions. Since this is one of the most complicated transactions, companies need technical support. The virtual data rooms reduce transaction costs, duration, and stress levels for parties. A buyer is confident in the transparency of cooperation since they own the information. Also, access to it is open at any time of the day. For the sell-side, DealRoom virtual workspaces mean threat-free confidence and protection from partner fraud. Security mechanisms prevent illegal actions or penetration of third parties.

The software supports files of any format. Consequently, a user does not install additional programs or plugins. The same goes for viewing. It is possible regardless of the format right on the platform without downloading. Among the tools for communicating with colleagues, there are chats, a Q&A module, the ability to leave comments under a file or folder. These options save time. A specific person or group of people are notified of new messages or comments.

Managers control access to the platform and the use of certain functions. By dividing members into groups, they grant them action permissions. For example, only a few people from an organization have access to the most confidential information. It is one of the ways to prevent misconduct. Although administrators manage VDR users, they also can monitor them. The program generates activity reports, which contain information about everything that happens in virtual workspaces. This way, the organization’s bosses can track the interests of investors or potential buyers.

DealRoom is also a way to make paperwork easier. Ready-made templates eliminate the need to do the same task over and over. Users can also create templates that the program will save. The integration of Slack, the Microsoft Office suite, empowers all industries. If directors need to arrange an online meeting using Microsoft Teams, they do it without leaving the VDR. During negotiations with colleagues, all storage data and features are available and work in full mode. A client has three service packages to choose from. The provider guarantees there are no unexpected charges for additional storage or users. The two-week free version allows customers to test the product.