Q&A is a powerful due diligence tool. Anyone who has important source https://dataroomhub.net/data-room-qa-enhancing-collaboration-in-ma/ access to your VDR can ask questions and get answers. It improves communication and cuts down on the time wasted on duplicate efforts in multiple meetings. It is also a way to ensure that all key participants on both sides of the agreement are clear about the project, its terms and conditions, as well as what they are expected to do.

The Q&A feature is pre-installed in Firmex and can be enabled when creating an entirely new Data Room or editing an existing one. When Q&A is enabled, an option called Question is visible in the Data Room. Click the Question button on the Data Room interface to ask a question. You will be presented with a pop-up window where you can type in the title of the question, further details, and a hyperlink to an informational document. Then, you can save the draft of the question (if you are an Author) or send it to the Answer Side (if you are a Question Coordinator).

When the Q&A process is in motion and participants are informed when the question they asked has been answered. They can do this by clicking on an icon on their screen. They can then see the answer, or reopen the question to ask for more details. The Q&A tool can be used to conduct due diligence in M&A as well as RFP/RFI procurement procedures. It is adaptable and customizable to your needs.

Automate the Q&A workflow so that questions are sent to the right team, without manual assignment. This lets subject matter experts concentrate on answering questions rather than on managing the task.