A virtual deal rooms facilitates collaborative document exchanges for complex sales, M&A, fundraising, strategic partnerships, and IPOs. Its intuitive, simple digital workspace enhances the experience of buyers and keeps them engaged throughout the selling process.

A DealRoom system allows sales teams to create comprehensive proposals significantly faster, and focus their efforts on establishing an effective relationship with customers. This increases sales velocity and the rate at which they win. The secure, centrally located platform lets users work from anywhere and on any device. Processes that are streamlined reduce mistakes, which saves time and cost.

Documents can be organized and structured easily by folders, dates or by specific users to facilitate management and access. This makes it easy to share and collaborate on critical content with authorized stakeholders across the globe. With the help of watermarking and other customizable security features, a VDR ensures that sensitive data remains private. It also stops distribution to unauthorized persons of printed documents.

Automated workflows help keep CPQ and CRM data in sync with the VDR making sure that there are no mistakes such as misspelling names of buyers and making the process of updating quotes much easier for sales executives. For example, when discounts are approved in CPQ the system automatically updates the DealRoom proposal to reflect the new price.

A VDR allows you to personalize every document that you send to buyers by pulling relevant information from your CRM. This can include video testimonials, product specification sheets brochures, product spec sheets, and other relevant assets that are tailored to the individual’s business needs and industry. This level of personalization increases the likelihood of a successful closing. It also aids revenue teams to forecast subscription revenue with confidence.

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