M&A needs more than just a VDR. Summary:
Undoubtedly, with a failure rate of 70%, M&A deals can overwhelm buyers and sellers, burying them in an avalanche of paper, repeat requests, and wait-time. These slow, often unmanageable tasks, leave too much room for error and steal valuable company time. However, with efficiency and effectiveness at its core, DealRoom provides a smarter approach to the complex practice of M&A.
Based upon the Principles of Agile M&A Project Management - iterative, customer-focused, accountable, flexible, and transparent - DealRoom’s platform, designed by M&A professionals for M&A professionals, is changing the world of due diligence:
As Leonardo da Vinci once said, “simplicity is the ultimate sophistication.”
DealRoom’s sophistication lies within its centralized location that simplifies much of the aforementioned roadblocks of due diligence. For instance, it allows for clear communication, data storage, and document transfer - in simpler terms, an end to the time-consuming and outdated back-and-forth email game. Perhaps most importantly, DealRoom helps deals come to completion 40% faster!
More than just a data room, the technology behind DealRoom streamlines communication. Imagine the elimination of duplicate requests, the ability to clearly, and easily, assign tasks, drag and drop documents in bulk, and live link documents; all of which can save users up to an hour a day.
More specifically, stakeholders no longer need to rely on unmanageable spreadsheets that are not conducive to collaboration and transformation. While well-meaning, spreadsheets often lose value and become unwieldy as the process of due diligence picks up steam; therefore, DealRoom’s platform is ideal for workers who want to stay organized and work methodically. Additional features such as full text search, auto indexing, and the power to produce PDFs and Excel reports with the click of a button continue the trend of minimizing and reducing workload.
DealRoom literally keeps all users on the same page at the same time, and all project work stays in one place - not in emails, chats, spreadsheets, and documents. Who doesn’t want to work smarter so they don’t have to work harder?
It is indisputable that the best mergers take into account, from day one, the importance of integration.
In fact, integration speed is often a contributing factor to employee commitment in the post-acquisition integration. DealRoom’s improved visibility across the project aids the integration process from the initial stages. Specifically, items for integration consideration can be easily tagged for future use.
In addition, with teams communicating on a daily basis, rather than only when a new project or problem arises, DealRoom’s technology and ideology don’t just preach collaboration. The platform helps companies access and accomplish meaningful collaboration between the bankers, buyers, lawyers, consultants, and managers. Suddenly, there is not only a two-way flow of traffic between all parties and documentation, but also real-time transparency and communication.
Collaboration and joint effort are essential in today’s business world, and DealRoom is promoting them and establishing them in an easily accessible and straightforward manner for companies.
Distraction and overworked management teams during the M&A process can have devastating consequences.
Fortunately, the aforementioned simplified process structure, streamlined communication, and eliminated work provided by DealRoom’s platform can relieve management teams of some cumbersome tasks, saving them from damaging their business position, and potentially their deal, with the buy-side.
Additional DealRoom features and benefits that lead to improved organization and reduced distraction include: clear labeling, messaging, project plan templates, and filters that allow the user to focus solely on a specific document and/or request.
We’ve all heard the old adage “time is money” and without a doubt eliminated work and reduced distraction allow for businesses to concentrate on maximizing growth by reducing wasted time and money. However, DealRoom’s platform efficiency is not the only way the program helps companies lower costs: DealRoom also moves users away from antiquated per page pricing models.
Per page pricing methods are not only expensive, but also can be harmful to the development of deals since stakeholders are often focused on the expense of scanning and uploading the data rather than focusing on the data itself. On the other hand, the flat rate pricing model reflected in DealRoom’s platform means expenses can be effortlessly planned for so stakeholders can focus on the actual data and avoid the financial burden of additional “surprise” costs; with DealRoom, there are no hidden fees or penalties for extensions.
Lastly, DealRoom is approximately 50% less expensive than a traditional data room, all while offering unlimited data and users, advanced analytics, and 24/7 personalized support. With monthly and annual billing plans, companies can effectively plan and budget M&A expenses.
During due diligence, companies don’t have additional hours to waste training their members in cumbersome software. In addition, change can be difficult for team-members who are already under a great deal of stress. DealRoom’s model is not only efficient, but also user friendly.
In fact, it only takes about 20 minutes for a user to be trained to set up a company profile.
Project management software becomes simplified thanks to heightened oversight. This “bird’s eye view” enables all involved to take on more proactive roles and identify potential holes in the project before they become major issues. One of DealRoom’s most impressive features is the ability to track what others are regularly viewing and spending their time on analyzing. The data produced from this tracking is invaluable - now the buyer’s level of engagement and areas of apprehension can be predicted, understood, and proactively addressed. This view of the process also means an easier way to track overall progress.
In fact, collected and highlighted statistics update users on the total number of requests completed as well as a breakdown of the requests. Ultimately, the entire platform is customized to your business’ needs, and reporting becomes a breeze: a simple click of a button produces a report with a specific data lens, which can then be studied and used for decision-making.
Finally, the platform uses artificial intelligence to automate the process, consequently reducing work effort while at the same time adapting to new information and unexpected changes. This type of artificial intelligence allows companies to accumulate valuable information that will offer significant business benefits in the future.
Investing in ways to reduce wasted time, workload, and potential for human error are key to navigating the waters of due diligence. Additionally, improved communication is simply a matter of smart business in today’s world.
DealRoom is the platform of the future for M&As because it empowers its users by ultimately reminding them to “focus on what matters - growing your business.”