A virtual dataroom (VDR) is a secure storage space for documents that are typically used in M&As and funding rounds, IPOs, and due diligence. Companies need a secure platform to share sensitive documents securely with third-party partners for documents related to intellectual property or confidential financial data.
When you are creating an VDR it is essential to consider the types of users and the types of files you want to invite. Based on the type of business you’re in the different users will have different levels of access, and it’s crucial that your platform allows you to grant granular user access rights.
You can create groups on the user administration page and assign permissions to them based upon role of the user, membership, group or the folder or file. You can then make sure that the right people see the correct content. You can, for example restrict access to a folder of project to a certain team.
Another feature you should look for is the option to create an FAQs section for your library of documents. This will cut down on time during the due-diligence process by answering frequently-asked questions in advance. It’s an excellent method of keeping the track of any issues that may arise during the process, and making sure they are taken care of in a timely manner to accelerate your deal. Sturppy can help you develop an accounting model that is ready for an investor to invest in your business.