Splitting the sell side and buy side will help you to:
- Set up roles
- Generate custom reports
- Make a flawless Q&A flow
- Create a Clean team and Non-Clean team
Set up roles
One of the most important things in a virtual data room is to create a correct role setup in what certain users may or may not do. The introduction of the split in sell and buy side directs a Vault Admin to setup the sell side first. This allows the Vault Admin to focus on getting the data room filled, before thinking about the setup of the buy side.
When the Vault is filled, the Vault Admin can create one or more buyer groups. It is now possible to add sub roles for each buyer group. This allows a Vault Admin to create a buyer group of several permission roles for reporting or Clean Team purposes.
The new buyer roles can be given a color for an even clearer distinction.
Generate custom reports
The split in sell and buy side allows Admins to generate reports to quickly compare two buyer groups or a clean team and non-clean team. If you don’t need certain data in your report, simply exclude this from your report before you generate it.
Make a flawless Q&A flow
The setup of a flawless Q&A-flow can be just as important as setting up the folder structure. It is not possible any more to accidentally add a user on the wrong side of the table. The buy side users are asking the questions, the sell side users are answering them.
Create a Clean team and Non-Clean team
The new setup allows a Vault Admin to create a clean team and non-clean team in one buyer group. A clean team enables the vendor to disclose critical and sensitive business information to advisers in a clean team, who will release this information to bidders in a non-clean team in a generic form.