DealRoom is thrilled to introduce our first embedded AI functionality: AI-Powered Document Analysis. This beta functionality drives M&A due diligence efficiency, providing M&A teams, financial analysts, legal teams, and other functional leads with a powerful solution to streamline their workflows and enhance decision-making.
The Problem with Traditional M&A Due Diligence
M&A is a critical strategy for company growth, yet it's often handicapped by outdated and inefficient tools. Traditional due diligence involves sifting through mountains of documents under tight deadlines, a process that is both time-consuming and prone to errors. This cumbersome method can lead to overlooked risks and delays, hampering the deal process and putting successful outcomes at risk.
The Perplexing Topic of AIÂ
If you’re like many of the M&A professionals we speak to, you might be curious about using AI to enhance your M&A processes but unsure how to begin. Many teams test out ChatGPT to start. This is a great way to dip your toes into the AI wave but, ChatGPT isn’t purpose built for M&A teams and requires AI expertise to really see benefits.
Introducing AI-Powered Document Scanning from DealRoom
That is exactly why we are doubling down on infusing AI into our platform here at DealRoom. Our goal is to empower M&A teams to optimize the way they do M&A and today, that means harnessing the power of AI.
Our new beta functionality, AI-powered document analysis, marks a significant leap forward. Built seamlessly into the DealRoom M&A Optimization platform, this feature is powered by OpenAI, the world’s most powerful Large Language Model, and customized for M&A to reduce the manual time and effort of extracting key information from documents and increase accuracy of risk identification. In turn, empowering teams to capture time savings and set themselves up for smart investments that lead to value realization.Â
This document scanning co-pilot, accompanied by a library of prompt templates that can be created, saved, and shared across an organization, enables users to embrace AI to analyze and extract key information from documents. Â
Users can upload unlimited documents to be scanned and analyzed using M&A prompts. Then, users can create their own prompt templates based on individual use cases and personas. And lastly, save those templates to a library and share them across their organization.