A virtual dataroom (VDR) is a secure storage space for documents that are typically used during M&As, funding rounds, IPOs, and due diligence. If it’s for storing contracts, intellectual property documentation or confidential financial data, businesses require a reliable and trustworthy platform to safely share sensitive documents with other parties.
When you create a VDR one must consider the types of files and users you’d like to invite and give access to. It’s essential that your platform permits granular access according to the size and type of your business.
On the page for managing users you can create groups and assign permissions to users based on their role and membership or group. You can then make sure that only the appropriate people have access to the right content. For instance, you could ensure that only a selected group has access to a particular project folder.
Another feature you should consider is the option to set up an FAQs section in your document library. This will save you time during the due diligence process by addressing frequently asked questions ahead of time and preventing them from having to be answered repeatedly and again. It’s also a great way to keep all the new questions that may arise during the process and ensure they are answered in a timely fashion to help speed up your deal. Sturppy can assist you in creating an accounting model that is investor-ready for your business.