Structured online Q&A
An essential part of the due diligence is the question and answer process between the participating parties. As an integrated part of our virtual data rooms our integrated Drooms®Q&A management platform delivers fast and efficient administration of online question and answer processes. Using our interactive Drooms®Q&A Tool, you avoid the usual flood of emails, faxes and collections of Excel spreadsheets.
- 1) Automatic allocation of questions
- 2) Specialist responses
- 3a) Approval of question by designated Partyor
- 3b) redirect the question to the specialist for revisions.
Having facilitated thousands of transactions to date, we know how decisive the questions and answers aspect of a transaction can be. With that experience in mind, we have developed a configurable Q&A process that is designed to easily handle both simple and multilevel clearing processes. Before a specialist can send an answer to the person asking a particular question, the proposed answer can be set up to be “cleared” by another party or even several different parties before it is sent. Therefore, the complete process can be monitored and controlled by the seller.
Bespoke Q&A configuration
No two transactions are exactly alike. Therefore, we design your Q&A around your needs. Flexibility is the most important benefit of your Drooms®Q&A Tool.
Transparency is in the detail
As with all aspects of our virtual data room, the Drooms®Q&A Tool includes detailed reporting both real-time and for your post-transaction records. At any given time, you can see how many questions have been asked, by whom, how many are awaiting answers and for how long they have waited.