Q&A is a crucial part of any virtual dataroom due diligence process. It lets bidders inquire about documents in an safe environment. If there isn’t proper Q&A management, a company may receive an overwhelming amount of unrelated questions that could hinder the https://dataroomhub.net/data-room-qa-enhancing-collaboration-in-ma/ process and cause damage to relationships with buyers or investors. The best VDR solution can make the process easier for all parties involved.
VDRs provide a secure and central location for due diligence, with built-in feature for questions and answers that can be set to meet the specific requirements of each project. The Q&A feature is integrated with special due diligence features for an effortless due diligence process.
In the SETTINGS portion of your Data Room, choose which groups of users are permitted to use the Q&A feature, as well as the role that each user can have. For instance, you can create a “Clean Room” where the only users are the buyer’s advisers and your legal team (also called your gatekeeping team). This lets you delegate and define how questions are asked and the answers provided.
When a user with the Q&A role clicks on an index/folder/document, they can add a question by clicking CREATE QUESTION. The question will be sent to the Deal Team. After the Deal Team has answered the question, the user who asked the question will be notified. Questions and answers can also be exported to Excel for further analysis.