The modern equivalent of a locked room full of auditors is a data room, which is stored in the cloud. A data room securely stores important documents and files needed for an investment to go through and provides a one-stop-shop for all parties to access and request information.
Building a data room is key to streamlining the due diligence process. When setting up a data room, be sure to include all relevant financial documents, legal documents, and company records.
Doing so will ensure that all parties have the information they need to make an informed decision about the investment.
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