The same room, different applications.
Private equity and venture capital teams run different diligence processes in the same room. Pick the one that describes your work.

Problems deal teams share
Status lives with one person
The request list is a spreadsheet, the documents sit in a drive, and the status is whatever the person running the process remembers. To learn what is outstanding, you ask them.
Access is granted and then forgotten
Counterparties are added over months and rarely removed. Nobody can say who still has access to what until it becomes a problem.
The record is assembled afterwards
What was provided, to whom, and when gets reconstructed from email at the end, when it is hardest to do and most likely to be needed.
Not sure which fits?
Walk us through your process and we will tell you whether Arc fits.