Investment bankers are responsible for many tasks, including M&A capital raising, M&A, and IPO underwriting. These projects require an online data room to manage many documents. With features like activity reports, granular control of permissions and a Q&A section for more efficient communication investment bankers can speed up the due diligence process and conclude deals more quickly.
In addition, the capability to track user access and downloads is crucial for these types of transactions. The ability to see who has accessed the files, and what pages they have been looking at allows investment bankers to tailor the information that is shared with prospective buyers. This allows them to ensure that the information they share is pertinent and helps identify any problems in their approach.
iDeals has become a popular choice among investment bankers who appreciate its user-friendly interface as well as powerful tools for managing documents. iDeals is also in compliance with ISO and FINRA standards and offers strong encryption techniques for secure data storage. 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 well-suited to M&A deals. The platform offers a variety of project management tools, including an intuitive indexing system along with a section for Q&A and an extensive search function. It can also support simultaneous users and includes the ability to sign electronically. The user interface is easy to use and unlimited storage is also included.