The Benefits of a Virtual Deal Room

A virtual deal room allows collaborative document exchanges for difficult sales, M&A, fundraising, IPOs, and strategic partnerships. Its intuitive, simple digital workspace improves the customer experience and keeps them engaged throughout the selling process.

The DealRoom software allows sales teams to deliver complete offers more quickly and focus on building meaningful relationships with buyers. This increases sales velocity and winning rates. The platform is secure and centrally managed. Users can work anywhere on any device. Processes that are streamlined reduce errors, thereby saving time and cost.

Documents can be organized and structured easily by date, folders or specific users to simplify management and access. This makes it easy to communicate and collaborate on crucial content with authorized stakeholders across the globe. The VDR’s security features can be customized and watermarking make sure that sensitive data remains private. It also prevents distribution to non-authorized persons of printed documents.

Automated workflows aid in keeping CPQ and CRM data in sync with a VDR which eliminates blunders like spelling buyer names incorrectly and making the process of updating quotes much simpler for sales managers. For example, when an offer is approved by CPQ it automatically updates the DealRoom proposal to reflect the new pricing.

With a VDR it is possible to personalize every document sent to a buyer by pulling in relevant information from the CRM. This could include video testimonials, product specifications sheets. It could also include brochures and other materials that are relevant to the buyer’s industry and business needs. This level of personalization improves the chances of a successful conclusion and helps revenue teams forecast subscription revenue accurately.

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