What does it do?
Visitor Q&A moves diligence questions out of the inbox and into the data room. A reviewer posts a question from inside the room, the deal team answers it there, and each question and answer stays with the room's record.
Who is it for?
Sell-side advisors and banks handling questions from several bidders, private equity teams in diligence, and founders answering investor questions during a raise.
How does it work?
- Visitors open the Q&A panel in the data room and submit a question.
- Your team sees new questions in the room and replies.
- Answers are visible to the visitors allowed to see them.
Follow-ups: identities of people asking can be hidden from other visitors (January 2, 2026), the Q&A module can be switched on or off per data room (June 2, 2026), and questions can be deleted (June 8, 2026). The advanced Q&A workflow and question teams built on this.
Which plans include it?
Basic Q&A is included on Data Room, Deal Team and Enterprise. See pricing.
How does it compare?
Q&A modules are a standard part of M&A data rooms. Visitor Q&A is separate from Peony's AI document Q&A, where an AI answers from the files with citations.
Where can I learn more?
Common questions
Does Peony's data room have a Q&A module?
Yes. Basic visitor Q&A is included on the Data Room plan and above, and the advanced workflow with experts and approvers is on Deal Team and Enterprise. Peony added data room Q&A on December 24, 2025.