Virtual Data Rooms For The Vendor Due Diligence In Restructuring Processes
Virtual data rooms speed up the handling of restructuring Frankfurt, January 8, 2010 every hour in a restructuring process is valuable and can cost some money. Therefore, it is important to create the right of employment in the planning and execution of the process. A restructuring process is a vendor due diligence, who checks the facts for the potential of a restructuring. While in the past, the relevant corporate documents provided the parties involved in a physical data room to view available, the modern vendor performs due diligence by means of a virtual data room. Several parties involved in the process can so parallel work on the documents, which leads to enormous savings in time and logistics and reduced opportunity cost. There are however other attributes regarding the selection of appropriate data room solution, that are crucial for the acceleration of the process of restructuring processes. This includes among other things the initial Setup duration, i.e.
how fast documents, for example, can be scanned or uploaded. Another important factor is an easy to use interface of the data area. Finally, no time-consuming training for use of the admin tools should be necessary. The sensitive restructuring data often must leave the own organizational boundaries, so that third parties, such as lawyers, banks, or consultant, these can work, the security of information at any time must be ensured. You must have sovereignty over your data at any time. Security standards such as encryption of data on the servers or during transmission are therefore required.
You help your compliance and risk management functions. Also, you can trace any data space activities using a sophisticated reporting system. Should the outcome of the restructuring to a sale of the company or of assets, the data space is already created. Corporate profile the data room services GmbH & co. KG is a Transaktionsdienstleister specializing in virtual data rooms, of the companies in the exchange of highly sensitive corporate data supports. The activity focus is a due diligence on the establishment and operation of highly secure data facilities to carry out. With the experience from more than 1,000 transactions with a volume up to EUR data room services GmbH & co. KG with high expertise and innovative ideas significantly contributes 6 billion to increase the transparency and efficiency of restructuring processes. How to contact with Meike Mohr Vice President marketing data room services GmbH & Co.KG Eschersheimer RT 6 60322 Frankfurt, Germany P: + 49 (0) 69 478640 280