M&A mergers and acquisitions deals require a special software that can be used throughout the duration of the transaction. This kind of software centralizes communications and ensures consistency of data as well as streamlines integration and allows for an integrated reporting. In contrast to traditional methods of transfer files, like shared drives, emails, or physical data rooms, this kind of software also blocks unauthorised access and eliminates the need to transfer sensitive information via public channels.
Ansarada is an application to manage projects for M&A that helps companies manage the entire deal cycle. Ansarada claims that it has assisted more than 10,000 companies in more than $1 trillion of transactions using its platform. Its M&A solution comes with a virtual room as well as regulatory compliance and collaboration tools.
The software provides a safe environment for teams to upload, view and share documents. The collaboration tools in the software permit users to create, edit, and comment on documents. They can also add annotations. Additionally the system comes with numerous tools to manage workflows. They include task assignment, email notifications, and chat software. Its data security features are ISO 27001 compliant and use encryption of 256 bits to protect sensitive data.
Midaxo is a project management software that simplifies and centralizes the entire M&A processes. It combines CRM with VDR, spreadsheets and task tracking. The platform lets users prioritize and rank targets, track M&A projects by using a dashboard, and create automated reports. However, its lack of API integration and the limited options for customizing reports could be limiting for certain users.