A virtual deal room can be used for document exchanges that are collaborative in complex sales M&As, fundraising strategic partnerships and IPOs. Its easy-to-use digital workspace enhances the user experience and keeps them engaged throughout the selling process.
A DealRoom platform allows sales teams to create comprehensive offers much more quickly and focus on establishing meaningful relationships with buyers. This improves sales speed and winning rate. The centralized, secure platform lets users work from anywhere and on any device. Processes that are streamlined reduce mistakes, which saves time and money.
You can easily organize and organize documents using dates, folders or even specific users for easy access and management. This makes it easy to collaborate and share information with authorized stakeholders from all over the world on content that is critical to. A VDR’s customizable security features and watermarking guarantee that confidential information remains secure. It also helps prevent unauthorized distribution of printed documents to unauthorized individuals.
Automated workflows ensure that CPQ CRM, CPQ, and VDR data in sync. This helps to avoid mistakes, such as misspellings or incorrect spellings of names of buyers, and makes updating quotes simpler for sales managers. For instance, when a discount is approved in CPQ the system automatically updates the DealRoom proposal to reflect the new price.
With the use of a VDR, it’s possible to personalize every document that is sent to buyers by pulling relevant information from the CRM. This could include video testimonials, product specifications sheets. It can also contain brochures, as well as other documents that are relevant to the buyer’s industry and business needs. This level of personalization increases the likelihood of a successful closing. It also aids revenue teams to forecast subscription revenue with confidence.