A virtual deal space is an online platform that lets you not send multiple emails or upload documents on drives. Instead, members of the buying committee can attend a digital meeting with one click to discuss objectives and objections, eat helpful content, and even tag the sales rep if they have questions. Sales can now accelerate deals throughout the process of negotiating.
With an online sales space you can also speed up the contract review and signature process by collecting crucial information using a form that is embedded into your online meeting. The information is then transmitted directly to your CRM to ensure that the finance department can reconcile their commissions faster.
Private equity firms often employ VDR solutions to manage their M&A contracts and sensitive documentation. They can upload documents and work with investors, buyers and other stakeholders by adjusting permission settings. They can also store their data in a secure way and be compliant with the regulations of FINRA and SOX with retention and disposal features.
Developers and real estate companies of immovable properties are businesses that can benefit from VDRs, because they have to exchange huge volumes of documents with third parties. By hosting these critical files in a digital sales room it can speed up the due diligence and closing process and avoid costly delays. They can also enhance the customer experience by utilizing VDRs to host interactive 3D models and floorplans. This is a fantastic way to help buyers visualize the proposed project and make an informed decision.