A virtual deal room allows collaborative document exchanges that can be used for complicated sales, M&A, fundraising, IPOs, and strategic partnerships. The simple and intuitive digital workspace improves the user’s experience and keeps them engaged through the entire sales process.
The DealRoom software allows sales teams to deliver comprehensive offers much more quickly and focus on building lasting relationships with buyers. This increases sales velocity and win rate. The platform is secure and centralized. Users can work anywhere on any device. Streamlined processes reduce errors and can save time as well as money.
It is easy to organize and organize documents by date, folders or 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 information is private. It also helps prevent unauthorized distribution of printed documents to unauthorized individuals.
Automated workflows ensure that CPQ as well as CRM and VDR data in sync. This prevents erroneous mistakes, such as misspellings or incorrect spellings of names of buyers and makes updating quotes much easier for sales managers. For example, when an offer is approved by CPQ, it automatically updates the DealRoom proposal to reflect the latest pricing.
A VDR allows you to personalize each document that you send to buyers by taking relevant information from your CRM. This can include video testimonials, product specification sheets. It could also include brochures, as well as other documents that are relevant to the buyer’s industry and business needs. This level of personalization improves your chances of a successful closing. It also helps revenue teams forecast subscription revenue with confidence.