Investment bankers are responsible for many tasks, including M&A capital raising, M&A IPO underwriting. These projects require an online data room in order to manage a variety of documents. Investment bankers can simplify due diligence and conclude deals faster by using features like activity reporting, granular control of permissions and a Q&A section.
It is also essential that you track downloads and access to users for these types transactions. The ability to determine who has downloaded the files and what pages they have looked at allows investment bankers the ability to tailor the information that they share with potential buyers. This makes sure that the information is relevant and allows them to find any flaws in their approach.
iDeals is now a favorite among investment bankers who love its user-friendly interface and robust tools for managing documents. iDeals also provides strong encryption techniques to protect data storage. It is fully in line with ISO standards as well as FINRA. It is used for a variety of M&A and other projects, including capital raising, strategic partnerships and bankruptcy/restructuring.
DealRoom is a different investment banking VDR which is ideal for M&A deals. The platform comes with a variety of project management tools including an intuitive indexing system as well as a Q&A section, and a powerful search function. It also has the ability to support multiple users at once and includes eSignature functionality. Other features include unlimited storage, as well as an intuitive user interface.