Investment bankers handle many tasks, including M&A, capital raising and IPO underwriting. These projects require an online data room to manage various documents. With features like activity reports, granular control of permissions and a Q&A section to facilitate efficient communication investment bankers can speed up the due diligence process and conclude deals more quickly.
In addition, the ability to track access by users and downloads is particularly important for these kinds of transactions. The ability to determine who has accessed the files, and what pages they have looked at allows investment bankers to customize the information that they share with prospective buyers. This lets them make sure that the information they provide is relevant and allows them to determine any issues with their approach.
iDeals is now a top choice among investment bankers who love its user-friendly interface and robust tools for document management. iDeals also provides secure encryption techniques to protect data storage. It is fully compatible with ISO standards and 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 that is ideal for M&A deals. The platform provides a range of tools for managing projects including an intuitive indexing system with a Q&A section as well as an extensive search function. It also has the ability to support multiple users at once and comes with the ability to eSignature. Other features include unlimited storage, as well as an intuitive user interface.