Investment bankers have to handle an array of responsibilities which include M&As as well as capital raising and IPO Underwriting. These projects require an online data room in order to manage a variety of documents. With features like activity reports, permission control that is granular and the Q&A section for more efficient communication, investment bankers can streamline the due diligence process and conclude deals quicker.
In addition, the ability to monitor access and downloads is essential for these types of transactions. The ability to determine who has accessed the files and what pages they have looked at lets investment bankers tailor the information shared with prospective buyers. This helps them ensure that the information they provide is pertinent and helps determine any issues in their approach.
iDeals is now a top choice for investment bankers who appreciate its intuitive interface and powerful tools for managing documents. iDeals is also fully in line with ISO and FINRA standards and offers robust encryption methods 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 another investment banking VDR that is well-suited for M&A deals. The platform comes with a variety of project management tools including an intuitive indexing system, a Q&A section and an extensive search function. It can also handle multiple users at the same time and has the ability to sign electronically. Other options include unlimited storage and an intuitive user interface.