https://clouddatastorage.blog/what-are-the-stages-of-the-deal-lifecycle-process
Whether you are looking to sell your company or raise money for a Series-A round Data rooms are one of the most essential tools to help you achieve your objective. What can you do to use a data room effectively?
Begin preparing your data room before the due diligence phase, making sure all relevant documents are uploaded. Make sure you have a clear folder structure to simplify navigation for prospective buyers, and include clear naming conventions in order to avoid confusion or the loss of important documents. VDRs are used to store a variety documents that include financial statements and legal documents as well as intellectual property information.
Give access privileges to users according to their needs and duties. The restriction of access to documents that are critical decreases the risk of leaks by accident and allows you to monitor user activity. As personnel changes or project requirements change, make sure you check permissions and update them. The use of dynamic watermarks can reduce the risk of sharing by unauthorized parties or tampering.
It is a challenge to manage multiple users, but the appropriate tools and processes can assist in the process. Depending on the type of user it might be beneficial to set up different access rights or create user groups to ensure that only a select number of people has access to sensitive information. Or, you could choose to let certain users print and download documents, while granting others the ability to only read or comment on them.