How to Set Up Your Data Room
https://elitedataroom.com/virtual-data-room-for-startups-advantaged-for-business/
When you’re looking to set your data room, first decide which documents will be uploaded and which users require access to the information. Then, structure your data room accordingly. Use folders to group documents together and indexing to ensure that users can find files more easily using metadata or keywords. Also, ensure that you include a version control feature in your data room (standard with PandaDoc) to ensure that users are working with the most current and accurate version of each document.
Consider adding a Q&A space to your data room so that you can answer frequently-asked questions from potential investors. This will aid in speeding up the deal process. This feature can be particularly beneficial when you have an abundance of potential investors. It will make the due diligence process more efficient for all participants.
Another way to improve the efficiency of your information room is to make use of its auditability features, which permit you to see who has looked at what and when. This is incredibly useful from a management perspective as you can keep track of the progress of each document and identify areas that require attention. For instance, that someone is viewing your file multiple times. This could be a sign of caution and indicate that the user does not understand the content. You can use this information to address any concerns quickly and negotiate a better deal.