M&A transactions require a specialized software that can be used throughout the period of a transaction. This kind of software centralizes communication that ensures integrity of data, simplifies integration and provides a single reports. Unlike conventional methods of transferring files, for example shared drives, emails, or physical data rooms, this type of application also prevents any unauthorized access and eliminates requirement to transfer sensitive data via public channels.
Ansarada is a project management application for M&A that helps companies manage the entire process of acquisition. The company claims to have served more than 10,000 businesses and assisted them in more than $1 trillion worth of transactions on its platform. Its M&A management software includes the virtual data room, regulatory compliance, and collaboration tools.
The software offers a secure environment for teams to upload, read and share documents. The collaboration tools let users create and edit documents, comment on the documents, or add annotations. In addition to this the system comes with various tools to manage workflows. These include task assignments as well as email notifications and chat software. Its data security features are ISO 27001 compliant and use secure 256-bit encryption to safeguard sensitive data.
Midaxo claims to be an M&A project management software solution that aims to simplify and centralize the entire M&A process. It combines CRM, VDR, reporting, spreadsheets and task tracking into one platform. Users can prioritize and rank targets with the platform, keep track of M&A project dashboards, and generate automated reports. Its absence of API integration and its limited custom report capabilities can be limiting to certain users.
