How to Conduct a Data Room Review

A data room review is an organization’s storage space, either physical or digital, where companies store information relevant to due diligence. During the due diligence process investors want to verify that all of a startup’s documentation is organized and current. It makes them feel like there won’t be any surprises. A poorly designed dataroom can negatively impact the valuation of investors. A well-designed one will help them view a startup in a more positive light.

The top virtual data rooms include a number of features that make it easier for users to use them. These features include customizable watermarks, granular permission settings and audit reports to track user activity. The most advanced datarooms provide full-text search, optical character recognition (OCR) and filtering capabilities to locate specific files or documents. A secure VPN connection also gives remote access to the room.

The ability to support different devices and browsers is the most important feature. This allows users to access and work with data from anywhere, at any time.

Data rooms can also help simplify the whole process of buying. They provide a single location to store all documents, facilitate review and approval of documents and even coordinate guided signing and more. To learn more, download free access to PandaDoc’s eSignature application today!