Investment bankers are in charge of a variety of tasks including M&A capital raising, M&A and IPO underwriting. These projects require an online data room in order to manage various documents. Investment bankers can streamline due diligence and close deals more quickly by using features like activity reporting, granular permissions and a Q&A space.
It is also important to keep track of the downloads and access of users for these types transactions. Investment bankers can alter the information they provide to potential buyers by keeping track of who has downloaded files and which pages they’ve viewed. This allows them to ensure that the information they share is pertinent and helps find any issues in their approach.
iDeals is now a top choice among investment bankers who enjoy its user-friendly interface as well as powerful tools for managing documents. iDeals is also fully compliant with ISO and FINRA standards and offers strong encryption methods to ensure secure data storage. It is used for a variety of virtual data room pricing 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 provides a range of project management tools including an intuitive indexing tool, an area for Q&A, and a robust search function. It can also handle multiple users simultaneously and comes with the ability to sign electronically. Other options include unlimited storage and an intuitive user interface.