Unraveling Dealroom Software
The success of the merger and acquisition process is dependent on post-merger integration. The right project management tools can significantly reduce M&A timeframes, increase productivity, and help businesses realize significant value from the acquisition.
A project management tool that incorporates M&A features and a virtual dataroom (VDR) that can help to improve collaboration and speed up due-diligence. The software allows secure document exchange with multiple stakeholders and can support a variety M&A workflows.
The application features a drag and drop feature that allows users bulk import of documents and folders. The platform allows users to set permissions that restrict viewing, editing, and downloading access. Security measures include the use of a password policy, two-factor authentication and audit logs to enhance compliance with regulatory requirements. It also has mobile applications that allow access anytime and anywhere.
Users can monitor progress on diligence requests using an easy-to-read dashboard. They can also use custom labels and create reminders for late requests. The tool lets them monitor high-risk requests, at-risk requests and high-priority requests in order to monitor due diligence. Its collaboration features include an internal team calendar and the capability to share tasks, files and meetings with external partners. It also includes chat features that facilitate communication with counterparties and a central repository of all diligence-related information. The solution is suitable for small and medium-sized business in any sector that performs M&A transactions.