A virtual dataroom (VDR) is a secure storage space for documents that is often used in M&As, funding rounds, IPOs, and due diligence. Whether it’s storing contracts, intellectual property documentation, or financial information, companies need a trusted and reliable platform to securely share sensitive documents with other parties.
When you create a webdatahub.org VDR it is important to be aware of the types of files and users you’d like to invite or give access to. It’s important that your platform permits granular access based on the type and size of your company.
You can create groups in the user management page and assign permissions to them according to role and membership, group or folder or file. You can then ensure that only the appropriate people have access to the correct content. For instance, you could set it up so that only a selected group has access to a project folder.
Another option to look for is an option to set up an FAQs section within your document library. This will make it easier in the due diligence process by answering frequently asked questions ahead of time. It’s also a great way to keep the track of any new questions that might arise during the process and make sure they’re answered in a timely fashion to accelerate your deal. To make your life even simpler, you can use Sturppy to create an investor-friendly financial model for your business.