This article explains how you can invite a NEW third party to view documents and/or the cap table in your company's account, usually in the context of due diligence.
Once you've made the initial connection with this party, you can add additional members to their team as well.
Creating a New Relationship
From the home screen, click on the "Start New Workflow" button at the top right of the screen.
Click the "Add Third Party Entity" button under the "User Directory" section of workflows.
Enter the name of the entity and the person you're working with, along with their email address.
Use the "enable diligence mode" button to enable each party to receive reports about activity in the data room, such as letting a potential investor know when the company has uploaded additional materials for review.
The account has been created with a placeholder, but they still need to be invited.
To invite, go to companies and firms and click the 3 bar next to the new company. Make sure you check off "not invited" under relationship status on the left side panel if you do not see the company listed.
To configure their access, click on the company and then the "configure access" button under permissions.
When the representative logs in they will be asked to confirm the relationship, after which they will be able to view the platform dashboard with the reports and data room folders you've selected.
Need to add other team members?
You can add additional members to the third party team at any time by finding them under the Companies & Firms link from your company's workspace. There are four roles, allowing you flexibility to tailor the access of each new person:
Primary Manager – By default, the access level granted to the primary contact is the Primary Manager. They have full access to the reports and Data Room folders you've shared. They can add team members and define their access (up to the level that the primary contact has).
Team Lead with Managed Access – These individuals can add other Team Members and have access to the information designated to them by the Primary Manager or the company.
Team Lead with Full Access – They have full access to the reports and data room folders shared with the Primary Manager. They can also add team members and tailor their access.
Managed Access – These team members are only allowed to access the information granted to them by a more senior member of the team. They cannot add team members or change others' access.
Screenshots are for illustrative purposes only.
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