Corporate Data Room is a web platform for creating business solutions that combine different services and applications into a single information collaborative space. Here is more about its functionality.
How can corporate Data Room simplify business interaction?
Due to the continuous development of the Internet and information technology in general, web applications have become an integral part of the corporate information system of any modern organization, regardless of its type of activity and economic sphere.
Corporate Data Room is a program that allows a company to combine internal and external information, as well as provides internal and external users with a single way to access the information needed to make informed business decisions. Data Rooms unify access to data, information, and applications, as well as provide them to business users in a convenient format. Today, they have become an integral part of the business, providing employees with a single point of access to information, business process management tools, and data exchange tools.
Corporate Data Rooms are used by business users, but include IT Administration tools and have a certain basic level of the following functionality:
- role or legal administration;
- content management, document management, and search, etc.;
- access to structured data, such as reports or user queries
What is the purpose of a Data Room?
The purpose of the corporate Data Room is to provide external and internal users with personalized access to all corporate data and applications (including unstructured and heterogeneous data), combining isolated business models, integrating various corporate applications (including business partner applications), providing full round-the-clock access to all users (including mobile devices) to the company’s resources 24 hours a day, regardless of their location.
Data Room is a very convenient way for managers to quickly and efficiently implement some business solutions. The software provides a wide range of functionality to facilitate the process of deal-making and to focus on business logic.
Corporate Data Room provides the following advantages for customers:
- The ability to customize each track with additional parameters and your tags for fine-tuning an individual sale. This makes it easier to filter sales afterward, the process of preparing special offers for customers.
- Organization of a convenient sales pipeline: the manager will have the opportunity to track the automatic movement of customers through the configured stages. For repeat sales, special customers, new products, usually several funnels are created. If a weak spot is found in any of the deals, the sales specialist will always see them and be able to eliminate them.
- Freeing up time and redistributing it to a more profitable channel for both the company’s employees and its management. Reducing the time spent on routine issues allows you to use the working day more efficiently. Increasing the efficiency of the enterprise as a whole by eliminating duplication of tasks, distributing responsibilities, reducing the time for performing routine actions, and the ability to regulate the workload of employees.
- System updates are installed automatically on the server of the creator of the IT product, there is no need to buy them since they are included in the price of the tariff plan. This allows you to save on the services of a programmer.
- One of the valuable advantages of the Data Room system is the minimization of the so-called “human factor”. The system monitors the execution of all planned cases, keeps protocols of actions, sends notifications and reminders, therefore, the number of “lost”, “forgotten”, “did not have time” cases