By Abby Roberts, Product Marketing
Litigation. Change of control. Environment. Oh, and let’s not forget the leases. The many, many leases. Chances are if you’re engaged in document review, you’re looking through the data room for a specific word or phrase.
To dealmakers, this should come as no surprise. Though mundane, search is the foundational task upon which the edifice of due diligence rests. Without search, issues cannot be surfaced and addressed. Red flags cannot be found.
Never Miss a Key Word
Our robust Optical Character Recognition (OCR) search functionality is one of the things dealmakers love most about Datasite. In fact, they hunt for key words on our platform 8,000+ times a day.
But what happens after that first review? It turns out that 23,000 data room users looked for the same term multiple times last year as their transaction progressed. Ninety-nine percent of the time, however, a key word was searched for once and never again. This despite the fact that new documents are continually added to strategic processes.
Now, one search is all you need. After that, new documents with that term will automatically appear on your Landing Page activity feed.
Search alerts is another way our Landing Page gives you easy visibility and access to the project information you need, when you need it. No other data room provides a control center like ours.
58% dealmakers say finding all red flags is the hardest thing to get right in due diligence
Two Steps to ’Go’
In just two quick steps, you’re ready for action:
It’s That Easy
Sometimes the simplest fixes solve for the most significant problems. In this case, our search alerts save you the time of having to look for the same term more than once. They also ensure that your team and you don’t miss something important by forgetting to look for a key word more than once as a deal progresses.