https://grbestpractices.org/innovative-document-management-the-future-of-secure-document-sharing/
When you are looking to invest in a startup, there are a lot of things to think about. You need to decide whether you want to go with a traditional or digital approach and also what investment strategy is most suitable for your company. There are also legal documents to be prepared. This includes articles of association as well as intellectual property registered (trademarks and patents) as well as a table that shows the percentage of ownership of every investor in your company.
If you choose the right data room, it can help you to organise these documents and make them more accessible for investors to review. This will accelerate the due diligence process and get you ready for a potential deal. It also helps you reduce time and effort by eliminating the requirement to send attachments back-and-forth. A data room can also protect your information.
It is essential to select the right data storage space that has granular access permissions that are based on the role, folders, or documents. This will ensure that only those who need to view the data are able to access it. Other features you should look out for include an array of activity reports that show who has looked at which documents, the number of times they have been accessed, and even the date they were accessed.
Some of the top data rooms have project managers who can assist you in your due diligence process. They will be on hand to answer your questions and ensure that your entire team is up-to-date with the documentation required. They can also assist you with any technical issues that might arise.