How to Make Own Data Room

A virtual data room (VDR) is secure storage for documents. It is typically used during M&A, funding rounds, IPOs and due diligence. Whether it’s storing contracts, intellectual property documentation, or financial information, companies require an effective and reliable platform to securely share sensitive documents with third party.

When creating an VDR it is essential to consider the kinds of users and files you would like to invite. Depending on the type of business you’re in, different users will have different levels of access, and it’s important that your software allows users to grant granular access rights.

On the user management page you can create groups and assign permissions according to their role as a member, group, or membership. You can then make sure that only the right people can access the correct content. You could, for instance, restrict access to a folder of project to a specific team.

You should also look for the option to create a FAQ section in your document library. This will help you save time during the due-diligence process by answering frequently asked questions in advance. It’s also a great method to keep on how do investors make data rooms top of any new questions that arise during the process, and ensure they are answered in a timely fashion to speed up the process. To make your life even more simple, you can use Sturppy to make an investor-friendly financial plan for your business.