In merger and acquisition processes the success of a transaction is dependent in large part on how well integration after merger is handled. The right project management tool can help reduce M&A timeframes and increase productivity, allowing companies to maximize the value of the transaction.
A tool for managing projects that includes M&A features along with a virtual dataroom (VDR) can assist to improve collaboration and speed up due diligence. The tool allows secure document exchange among multiple stakeholders, and can support various M&A workflows.
The application includes an easy drag-and drop upload feature that lets users to import folders and documents in bulk. The platform also lets them configure permission settings to limit viewing, editing and downloading access. Security measures include an encryption policy for passwords that requires two-factor authentication as well as audit logs to help improve regulatory compliance. It also provides a mobile application for access anywhere and anytime.
Dashboards allow users to monitor the progress of diligence requests. They can also make custom labels and schedule reminders for late requests. The tool allows them to track at-risk, high risk and high priority requests to monitor due diligence. The tool’s features for collaboration include an internal calendar for the team, the ability to share documents, tasks and meetings with external partners, and an internal calendar that is shared. Furthermore, it includes chat functionality to facilitate communication with counterparties, and provides a central repository for all diligence-related information. This solution is ideal for small and medium-sized business in any industry that conducts M&A transactions.