A virtual deal room is a great tool collaborative document exchanges in complex sales and fundraising, M&As IPOs and strategic partnerships. The simple, intuitive digital workspace enhances the user experience and keeps them engaged throughout the selling process.
A DealRoom system allows sales teams to deliver complete offers more quickly and focus on building meaningful relationships with buyers. This increases sales velocity and win rate. The secure, centrally centralized platform allows users to work from anywhere, on any device. Automated workflows eliminate errors, saving time and cost.
Create and organize documents using dates, folders or even specific users to make it easy to access and manage. This makes it easy to communicate and collaborate with authorized stakeholders from all over the world on critical content. With watermarking and customizable security features VDRs VDR makes sure that sensitive information remains private. It also helps to prevent the distribution of printed documents to unauthorized individuals.
Automated workflows help keep CPQ and CRM data in sync with the VDR and eliminate naive errors such as misspelling names of buyers and making the process of updating quotes simpler for sales leaders. For instance, when an offer is approved by CPQ it automatically updates the DealRoom proposal to reflect the new price.
A VDR allows you to personalize every document you send to the buyer by drawing relevant information from Deal Management your CRM. This can include videos of testimonials, product specifications sheets brochures, as well as other relevant assets that speak to the specific business needs of the buyer and industry. This personalization level increases the chances of a successful closing and allows revenue teams to forecast subscription revenue confidently.