Virtual Data Rooms Speed Up Restructuring Processes

Every hour spent in restructuring costs money. Optimizing the process to be fast and thorough requires the right tools and planning.

Due Diligence is one of the most important aspects of any restructuring. In the past, all relevant corporate documents were provided via a physical data room to which company employees and advisors would travel. Modern Due Diligence, however, takes place using virtual data rooms, where all parties involved in the process can work parallel on the documents independent from time and location. This leads to savings in time and logistical costs.

There are certain attributes of your virtual data rooms which are vital to the success of restructuring. Key amongst these are the speed of the tool itself and the ease with which it is set up. The speed of the tool itself determines how quickly you can view documents after they have been loaded into the data room. Ease of set up includes the amount of time it takes to set up a VDR from both the perspective of the IT Department and the time needed to train your staff to use a VDR. Considering the amount of attention paid to managing risk by IT departments these days, the simpler and more demonstrably secure your data room is, the faster it will be to set up.

Another vital attribute is the security of all of the sensitive documents that require examination. After all, even the most sensitive documentation has to be exchanged across company borders, so that third parties such as lawyers, bankers and consultants can work with them. The security of this information must be guaranteed at all times. Therefore you must always have control of your data. Data encryption for transmission and again on the storage servers is clearly mandatory. Such active security measures also facilitate proper Compliance and Risk Management policies and procedures.

Add complete and tailored reporting of all activities in the data room and it becomes even more evident that use of the right virtual data room can be an immense help to make your restructuring process a faster and more thorough one.

Contact for the Media

Meike Mohr
Vice President Marketing

DRS Frankfurt
Eschersheimer Landstr. 6
60322 Frankfurt, Germany

P: +49 (0) 69 478640 - 280

meike.mohr@dataroomservices.com
www.dataroomservices.com