A virtual deal space is an online portal that lets you not send multiple emails or share documents on a drive. Instead, people from the buying committee are able to join a digital meeting with one click to discuss goals and objections, eat helpful content, and tag the sales rep whenever they have questions. Sales can accelerate the process of completing deals in the deal cycle.

You can also streamline the process of reviewing and signing contracts by incorporating a form into your online meeting. The information is then sent directly to the CRM so that your finance team can reconcile commissions more quickly.

Private equity firms often use VDR solutions to manage their M&A contracts as well as sensitive documentation. They can upload data and collaborate with buyers, investors and other stakeholders by adjusting permission settings. Additionally, they can save their data in a secure way and be compliant with regulations like FINRA and SOX with retention and disposal features.

Real estate firms and developers of content immovable properties are companies that can benefit from VDRs, because they must exchange huge volumes of documents with other parties. By hosting these important documents in a digital sales space they can speed up the closing and due diligence processes and avoid costly delays. They can also enhance the customer experience by using VDRs to host interactive 3D models and floorplans. This is a fantastic way to assist buyers in imagining the proposed project and make a more informed decision.