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A data room allows participants to concentrate their efforts on the most crucial aspects of due diligence and also eliminates the burden of spreadsheets and emails. Documents can be edited, accessed, and shared in accordance with specific access permissions. This allows a quicker due diligence process with better transparency and visibility for all parties. Reports that drill down and full audit trails transform data points into digestible insights that increase awareness of the project, as well as helping to make data-driven decisions. A central data platform can lower project risks by streamlining communications and workflows. In addition, a space for data can boost M&A deal outcomes which can result in higher deal value by delivering efficient management of confidential documentation.