The Checks dashboard is a powerful tool that allows you to scan and analyse all documents in your data room. It can be used for the following 2 use cases:
You can get any question answered based on a rigorous analysis of all documents in the data room.
You can search for a specific clause in the data room and even compare it with a clause you consider as the golden standard. If the document does not comply with the golden standard it will be flagged as a potential red flag.
Create a Custom Check
Instead of using or editing a template, you can also create a custom clause and/or question from scratch. Just click on Custom Checks and then + New custom check(s) to create a new clause/question.
In a side menu a clause configuration will be shown:
Here you can set the following fields:
Clause Description and/or Question: Here you can define the clause you are looking for. Or you can enter a specific question you want to have answered.
Report Red Flags: If you enable the report red flags checkbox the system will check for red flags based on the clause you enter below.
Golden Standard Clause for Red Flag Detection: Here you can enter your golden standard for a clause. This standard will be used to compare all other clauses with and to see if there is any risk for the buyer.
After you have entered all the necessary information you can add another clause or click Use 1 custom clause to start analyzing the data room.
More Information
If you require more information, don't hesitate to reach out to our support team through [email protected] or through the chat in the bottom right:
If you need additional help configuring checks or you encounter any other problem, don't hesitate to reach out to us through the chat bubble in the bottom right or to contact [email protected]