Mergers and acquisitions are big events in the business industry! Communicating with other companies globally can be difficult, therefore resulting in deals taking a long time to meet fruition. It can also be difficult to know which company to strike a deal with, particularly for startups with limited history.
DealRoom analyses data to track promising companies, collecting real-time information and predicting trends and growth. A company can then make a fully informed decision regarding which investment to make.
DealRoom goes further than providing analytical information for investors, however. They also provide a virtual data room for mergers, acquisitions, and other investments to occur. Documents can be uploaded and access can be granted, speeding up the whole investment process.
A free trial is available so that you can test the software, although a subscription is required to enjoy the full benefits of DealRoom.
Generally, there are professional and enterprise options, with prices varying. Find DealRoom on your browser to find accurate, up-to-date pricing information.
- Collecting and analyzing data from a range of companies from seed-stage startups to established entities. They track companies’ progress to identify the fastest-growing trends and predict the best investments to make.
You can find this information throughout the investment stages to the late growth stage, allowing new investors full autonomy.
2. Secure document uploading. The deal can be proposed and initiated on the DealRoom platform, enabling documents to be shared and collaboration aided. Documents can be uploaded and viewed securely, with authorization tailored to your needs.
3. Easy connection. DealRoom allows investors to connect effortlessly and achieve a quick deal with a short completion date.
Features of Dealroom
DealRoom has established a niche market in virtual data room software. Whilst you can upload and review important documentation by using DealRoom, emphasis is placed on mergers and acquisitions.
In comparison to similar technologies, DealRoom consolidates a vast range of business data into one single database. This is perfect for companies looking to invest or connect with promising companies.
But, how exactly does DealRoom achieve this and what are its features?
Collecting and analyzing data
Different types of data are collected by DealRoom, consolidating real-time data as well as predictive insights using strong algorithms.
Publicly available information is harvested and analyzed, such as company filings and news articles covering the industry. An API-first approach is utilized to access unique data from an interconnected network and government partnerships.
DealRoom’s analyst team ensures that all data is verified and validated, checking all information and aiding transparency. DealRooms additionally uses its team of data scientists to assess insights and potential trends.
DealRoom additionally includes the usual features of a virtual data room, enabling you to upload documentation.
A great addition to DealRoom is the ability to drag and drop documents to easily upload them to the platform. You can complete a search of full text to find the documents you need, and use document viewer when required.
Secure document sharing
Your documents are safely stored on DealRooms. You can easily track who has viewed your documents, allowing easy collaboration with promising companies.
All documents uploaded can only be accessed when you have set the authorized permissions on the platform. These tools help you to manage who can view your data, and track when they have accessed the document.
DealRoom provides real-time updates and notifications. You are informed when any actions have occurred in relation to project management or collaboration.
DealRoom offers a fantastic customer service package to help get you started on the platform!
You can view DealRoom’s webinar training, live online training, or expert in-person training. If any issues arise when using the software, simply contact DealRoom’s help desk by phone or by email. You can additionally find help with the 24/7 chat facilities
Cons of Dealroom
Whilst a free trial of DealRoom is available when you sign up, a subscription is required to use the software in full. Prices can be quite expensive in contrast to other virtual data rooms, although you are paying for the analysis of data.
Furthermore, you may find that having to import and export templates slow down some processes. This could be added to DealRoom to create a more seamless approach.