A virtual deal space is an online platform that does away with the need to send multiple emails or to share documents on a drive. The buying committee is able to join a virtual meeting with just one click. They can discuss objectives and objections and consume helpful content. They can also contact the sales rep should they have any questions. Thus, sales can make deals move through the deal cycle more quickly and efficiently.

With an online sales space you can also simplify the contract review and signature process by collecting crucial information using a form that is embedded in your online meeting. This information is then transmitted directly to the CRM so that your finance department can more quickly reconcile commissions.

Private equity firms often employ VDR solutions to manage their M&A contracts and sensitive documents. They can upload data and collaborate with buyers, investors and other stakeholders with customizable permission settings. Furthermore, they can keep their documentation securely and comply with regulations such as FINRA and SOX with retention and disposal features.

Real estate companies and developers of immovable properties are companies that can benefit from VDRs, since they need to exchange large quantities of documents with third parties. By hosting these crucial files in a digital sales room they can speed up the closing process and due diligence and avoid costly delays. They can also enhance the customer experience by utilizing VDRs to host interactive floor plans and 3D models. This is a fantastic way to assist buyers in imagining the proposed project and make an informed decision.