Q&A is an effective due diligence tool that allows anyone who has access to your VDR to ask questions and get answers. It improves communication and cuts down the time spent on duplication of effort over numerous meetings. It ensures that both parties are aware of the project, the terms and conditions and what they can expect.

The Q&A feature comes pre-installed in Firmex and can be activated when creating an entirely new Data Room or editing an existing one. When Q&A is turned on, the Question tab will be displayed within the Data Room. Click the Question button on the data room interface to request a query. You will be presented with a pop-up window where you can type in the title of the question, further details, and a link to the reference document. You can save the question (if you’re a Question Author) as a draft or submit it to Answer Side (if you’re a Questions Coordinator).

When the Q&A procedure is in motion the participants will be notified when the question they asked been answered by selecting important source https://dataroomhub.net/data-room-qa-enhancing-collaboration-in-ma/ an icon on their screen. Then, they can view the response or reopen the question to inquire for more information. Whether you’re using the Q&A tool to conduct M&A due diligence, an RFP/RFI or procurement process the Q&A workflow is customizable and can be set to your requirements.

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