Since it is common for teams to be working on multiple deals at a time, we offer unlimited project plans to help keep everything easily accessible and organized.
For example, instead of switching back and forth between Ideals and DealRoom for two separate transactions, users can conveniently manage both deals in DealRoom under one login. As soon as a user logs in, the dashboard neatly displays every deal within the room.
At DealRoom, we value collaboration. Whether it be internally, or externally with a client, users need to be able to work and communicate with other users in the platform. And this is why we offer unlimited guest users.
Teams can add as many users as they need to get the deal done. To invite a new user, all you have to do is simply put in an email and send the invite. Unlike with traditional VDRs such as Ideals, new users are responsible for submitting their own personal information.
DealRoom is not just a solution for document and file storage, but management as well. Teams can completely eliminate the use of Excel trackers, and manage all of due diligence with the requests and documents tabs. The documents tab is where all the files and documents are stored and the requests tab is where teams can create new diligence tasks, assign roles, share / transfer documents, and more. Everything is updated in real time and all activity within the room is tracked.
DealRoom’s platform was specifically designed with a simple interface to make it user friendly. The software also utilizes smart technology that make it intuitive. Once a team signs up for DealRoom, users can start uploading documents and creating diligence tasks within minutes. However, we understand that our software is different from the traditional VDRs, like Ideals, that users are accustomed to. In order to assist with the learning curve, we have a library of short help guide videos available.
Traditionally, due diligence is processed using old-school QA feature. This method isn’t very efficient.
With DealRoom, all diligence runs through the platform. Users simply create new diligence requests, attach documents and files, assign key roles, set due dates and more. And everything is updated in real time.
One frustrating inefficiency with traditional virtual data rooms is that in order to view an Excel spreadsheet or document file online, users have to download the file first.
DealRoom is equipped with a convenient built-in Excel and virtual document viewer that gives users file visibility, without ever having to leave the platform. Less time spent switching between platforms means more time focused on swiftly completing diligence.
We want our customers and their clients to have the best diligence software experience possible, even with services that go beyond our direct realms. We pride ourselves on being more than a typical data room like Ideals. In order to accomplish this, we choose to integrate with additional software platforms that are leaders within their respective industries such as Slack, Salesforce, and Office 365. With our m&a platform entire deal process becomes seamless and efficient.