With stock markets world over almost nearing all-time highs, financial experts are predicting a surge in IPO offerings in the coming months. The IPO process is one of the most important, complex, costly and time consuming event for any growing business. During this period a company has to manage large amounts of information and its accompanying analysis, as well as allow its financial scrutiny by a whole lot of investors, auditors, regulators, investment bankers, lawyers and accountants. But you need to share this in a highly safe, secure and controlled environment, efficiently in terms of both time and money. This is where Virtual Data Room comes in to the picture.
VDRs are increasingly gaining importance and powering transactions of the investment banking community during IPOs, fund raising as well as merger and acquisitions. A VDR is most valued during an IPO for the following reasons:
Saves Time and Money:
Since a VDR is an online repository of data it can be accessed from anywhere and any time. There is no need of a physical data room or travelling great distances for meetings or to check on the documents, this results in a lot of savings in terms of costs as well as time. It also saves a lot of overheads on office and storage space, staff salaries, printing and paper, site-security. VDRs lead to greater efficiency and faster decision making. A VDR thus enables accelerate the IPO process.
Proper Organization, Management and Planning of Data for Public Analysis and Scrutiny:
The success or failure of your IPO depends upon the proper presentation of your data to the investors. The various data organisation tools of a VDR makes it easier for a company to present and manage it’s data impressively and securely. Since all the documents are stored in one place, it is easy to keep a track of them ensuring a smoother, more efficient process and work flow management as well as process compliance and data transparency.
Data Security:
Protecting the confidential intellectual property and other financial data before, during and after an IPO is of utmost importance. The VDR that stores your critical business data is both digitally and physically secured with 24×7 security personnel as well as back-up generators and even back-up servers. Multiple firewalls protect the servers from cyber-attacks and highest commercial grade end-to-end encryption protects it at every step of the data storage process.
Unlimited storage space
With the growth of an organisation, and its effort to survive in the competitive market, the workload increases. And with this, rises the data, the paperwork of an enterprise. The enormous workload not only becomes difficult to manage but also difficult to store. However, VDR’s like DocullyVDR provide unlimited storage space that further facilitates better management of data and streamlined workflow.
Real Time Analytics and Reporting:
VDRs have built-in real time analytics and reporting features that give you insight about your investors.
Your Scale and Nature is no more a criterion:
VDRis a technology that is not restricted to the scale or nature of your business. You can benefit from it no matter, if you are a startup or an already well-established business. All companies are relieved of the cost involved in setting up on premise servers, purchasing heavy IT equipment, employing more people to handle data and manage it and many more. These expenses can be avoided and the businesses are left with surplus capital which can be invested in other revenue-generating activities.
Fast and effective communication:
VDR platforms offer secure Q&A features, making it easier to communicate, keep records of conversations, and excluding the need to use e-mails or other communication platforms.
An IPO involves countless hours of work and collaboration with multiple parties. DocullyVDR is the best collaborative on-line platform that provides you multi-layered security with an intuitive interface that’s so crucial for your IPO’s success.
The DocullyVDR team is a provider of a new generation secure data sharing platform designed for businesses. The team has extensive experience in working with document sharing platforms and has been assisting the Virtual Data Room community since 2019 by providing users with free information.