A virtual data room (VDR) has revolutionized the due diligence process in mergers and acquisitions. It is a secure platform that allows interested parties to access confidential information online, and start discussions through Q&As. It allows the M&A team to keep pace and efficiency while maintaining the depth and thoroughness required in due diligence.
The latest VDRs include features to streamline the project management for M&A practitioners. For instance a multilingual interface can be particularly beneficial in cross-border transactions. They also can eliminate work with features like the automatic elimination of duplicate requests such as bulk dragging and dropping full-text search, auto-indexing and more. These advancements can help businesses save money, avoid costly mistakes and ultimately earn an increase in the value of their assets due to buyers being able conduct a more complete analysis of the business.
M&A activities are usually a bit complicated and involve sharing a lot of documents with numerous participants. Many of these documents contain sensitive and private details, which makes it possible for a misstep to happen which could delay the transaction or even stop it altogether. For this reason, it is important to find a VDR that is secure and top-of-the-line like the AvePoint Confide solution.
When choosing a VDR to support M&A an additional important factor to consider is whether the platform is flexible enough for all aspects of an M&A project. DealRoom is one example. It is a bespoke platform designed by M&A professionals which combines the functionality and flexibility of the VDR as well as Agile-based tools for project management. Other VDRs such as Intralinks and Merrill, can be used for M&A projects, but do not have the extra features specifically designed for M&A.
http://www.dataroomworks.org/advantages-of-business-intelligence-apps-for-unlimited-growth/