Q&A is a useful due diligence tool that allows anyone with access to your VDR to ask questions and receive answers. It improves communication and cuts down the time spent on duplication of efforts across numerous meetings. It ensures that both parties to the deal are fully aware of the project and the terms and conditions and what they should expect.
The Q&A feature is already installed on Firmex. It can be enabled when creating the Data Room or editing one that already exists. When Q&A is enabled, a tab called Question is visible in the Data Room. Click the Question button on the Data Room interface to make a query. A pop-up window will be displayed and allow you to enter the title of your question, provide more detail, and link to one reference document. You can save the question as a draft (if you are an Author of the Question) or send it to the Answer Side (if you are a Question Coordinator).
When the Q&A process is in motion the participants will be informed when the question they asked has been answered. They can do this by clicking on an icon on their screen. Then, they can view the answer, or reopen the question to request more information. The Q&A tool to conduct M&A due diligence, or an RFP/RFI, or a procurement process the Q&A workflow can be important source https://dataroomhub.net/data-room-qa-enhancing-collaboration-in-ma/ customizable and can be set to meet your specific needs.
Automate the Q&A workflow so that questions are emailed to the correct team without manual assignment. This lets subject matter experts focus on answering questions rather than on managing the task.