A virtual deal room is a web-based portal which eliminates the need for multiple emails or documents on a hard drive. The buying committee can instead join the virtual meeting in just one click. They can discuss goals and objections, and also consume useful content. They can also call the sales rep should they have any questions. Sales can accelerate the process of completing deals in the sale cycle.
It is also possible to streamline the process of reviewing and signing contracts by embedding a form into your online meeting. The information is then sent directly to the CRM, so that your finance department can better reconcile commissions.
Private equity firms employ VDR solutions to manage sensitive documents as well as M&A contracts. They can upload data and collaborate with buyers, investors and other stakeholders using customizable permission settings. With the features of retention and disposal, they can also store their documents in a secure way and adhere with regulations like FINRA and SOX.
Real estate companies and developers of immovable property are companies that benefit from VDRs since they need to exchange massive volumes of documents with third-parties. By hosting these important documents in a virtual sales room they are able to accelerate the due diligence process and avoid expensive delays. They can also improve the customer experience by using VDRs to host interactive floor plans and 3D models. This is an effective way to assist buyers in imagining the proposed project and make a more informed decision.