In this article, we will discuss the role of Virtual Data Room in Due Diligence deals.
What is Financial Due Diligence?
Financial DD is a preliminary analysis, audit of financial activities, and documentation of a startup (company), carried out by an investor before a merger & acquisition of a company. In other words, financial DD is a comprehensive study, the purpose of which is to give the investor an objective idea of the investment object and answer the question of whether it is worth making a deal.
Financial DD consists of the following steps:
- Preparatory process.
- Conclusion on the conduct of DD.
- Completion of the transaction.
- Integration of the two companies.
The seller must organize the collection and preparation of documents for the Due Diligence of a certain company. The main purpose of the electronic data room is to be clearly organized and complete. In this case, iDeal’s Solutions can be considered as the most suitable alternative.
iDeals Solution is a virtual data room for the success of your business.
The main direction of iDeals Solutions development is the organization and creation of an electronic data room, which allows you to quickly and flexibly manage any volume of an organization’s workflow. Today, the main partners of iDeals Solutions are transnational corporations, representatives of the banking system of various countries, and legal organizations.
Typically, financial institutions use iDeals Solutions to verify documents, takeovers, purchases, and sales of debts of various organizations. The virtual data room has gained wide popularity among legal organizations. This circumstance is associated with the advantages of virtual document management, which greatly facilitates access to the necessary documentation, regulations both in preparation for court sessions and during their conduct.
Advantages of using Ideals
The virtual data room created by the company has significant advantages over conventional workflow and over competing solutions from other organizations. Let`s consider the most valuable ones:
- Security. To ensure the security of document circulation, there is no need to constantly protect connections with a firewall, the built-in protection system of the virtual data room allows you to maximally protect information transmitted over data channels.
- Simplicity. The software interface is one of the key strengths. You and your partners do not need special training – you can start working with the virtual data room in 5 minutes after acquaintance.
- Price. From numerous contacts with customers, the service provides you with the most competitive price in the industry for such a solution.
- Meeting your needs. iDeals Virtual Data Room is a flexible and customizable solution that can be integrated with other business applications. The high degree of data security within the system allows you to carry out financial transactions with suppliers without any fear, transfer valuable reports, development prospects between employees of the organization, regardless of their territorial location.