Mergers and acquisitions are time consuming and complex; a quick set-up and fast access is essential to a successful transaction. The deal process moves quickly and with these time saving tools, you can too.
1. Bulk upload tool
During an M&A deal you need to be able to efficiently manage large volumes of documents to ensure your transactions run smoothly. HighQ Dataroom allows you to do this quickly and efficiently using the bulk upload tool. This enables you to upload and download, grant permissions, move and delete, create users, send user invitations and much more; all in bulk. This means you can build your entire data room structure on your PC and upload it all in one go. This can all be done within a matter of minutes, even the most complex sites can be set up quickly and easily.
2. Create groups and permission them quickly
There are highly confidential documents involved in an M&A deal and different users will be permitted to see different things, so you need to control what users can see in folders or document libraries. Doing this individually for each user would be incredibly time consuming but HighQ Dataroom eases the process by allowing you to use groups to manage the permissions for your data room. You can set permissions by individual user, organisation, group, folder or individual file. When you come to creating the user groups, you have the option to copy permissions from another group you have previously created. This saves valuable time and allows you to quickly set up and manage varying levels of access to the data room and its contents.
3. Uploading answers from Excel
Buyers are guaranteed to have lots of questions for sellers during M&A and it is important that these questions are answered as quickly and efficiently as possible for a streamlined process. The Q&A module in HighQ Dataroom enables you to efficiently manage the question and answer workflow between bid teams and sell teams, meaning you can avoid the usual flood of emails, faxes and Excel spreadsheets that are common in most M&A transactions. HighQ Dataroom saves you time by letting you bulk upload answers from an Excel spreadsheet. You can download any questions you receive, answer them offline and instead of having to input each answer separately, this tool allows you to upload them all at once.
4. Add user process
Each time someone wants to view something in your data room, they must be added as a user into the system. Adding each new user’s details individually can be a laborious task but HighQ Dataroom’s four-step add user process makes it quick and easy and allows multiple users to be added at the same time. All you need is their email address and you can set their profile up in minutes and of course, users will only see the information you give them access to. If the user you want to add to a group already has an account, you can select them from the system and don’t have to re-enter all their details.
If you’d like to find out more about HighQ Dataroom, contact us today for a demo.
