Q&A is a powerful due diligence tool for due diligence. Anyone who has access to your VDR can ask questions and receive answers. It improves communications and reduces the time that is spent on duplication of effort across multiple meetings. It ensures that both parties are aware of the project, the terms and conditions and what important source https://dataroomhub.net/data-room-qa-enhancing-collaboration-in-ma/ they should expect.
The Q&A feature is pre-installed in Firmex and is available when creating the Data Room or editing an existing one. When Q&A is enabled, the tab titled Question will be visible in the Data Room. To ask a question click the Question button on the Data Room interface. You will be presented with a pop-up window in which you can input the title of the question, additional details, and a hyperlink to an informational document. You can save the question as a draft (if you are an Author) or send it to the Answer Side (if you are a Question Coordinator).
Participants will be notified via an icon on their screens when the question they asked was answered. The participant will be able to view the response or revisit the initial question to request additional details. The Q&A tool can be used to conduct due diligence for M&A RFP/RFI or procurement processes. It is adaptable and customizable to meet your requirements.
Automate the Q&A workflow to ensure that questions are forwarded to the correct team without the need for manual assignment. This allows subject matter experts to concentrate on answering questions, rather than focusing on managing the task.