A virtual data room (VDR) is secure storage for documents. It is frequently utilised during M&A, funding rounds, IPOs and due diligence. When it comes to storing contracts intellectual property documentation or confidential financial data, businesses require an efficient and reliable platform to safely share sensitive documents with third parties.
When you are creating the VDR it is crucial to think about the types of users and files that you are planning to invite. It’s crucial to ensure that the platform has the ability to grant granular permissions based on the type and size of your business.
You can create groups using the user management page and assign permissions to them based upon role, membership, group, or the folder or file. You can then make sure that the correct people are able to access the right content. You can, for example, restrict access to a specific folder of projects to a specific group.
Another feature you should be looking for is a possibility to create an FAQs section for your document library. This will save you time during the due diligence process by responding to frequently requested questions in advance, and prevent them from having to be answered again and again. It’s a great way of keeping an eye on any questions that may come up during the process, and making sure they are promptly addressed to accelerate your deal. Sturppy can assist you in establishing the financial model that’s suitable for investors and your business.