New Reports Detail How Docurex Virtual Dataroom Cuts Costs and Transaction Times
M&A and other transactions can be sped up by as much as 50% thanks to secure, easy-to-use virtual dataroom, docurex reports
STUTTGART, Germany – August 26, 2016 /MarketersMedia/ —
Mergers, acquisitions, and other corporate activities can be complicated, but there are effective ways of simplifying all such processes. As newly released reports by docurex® make clear, the use of a virtual dataroom system can reduce costs and speed up work, while also improving security and accessibility. By employing docurex dataroom services instead of conventional processes, businesses can cut transaction times by as much as 50%, while more than twenty well-tested security mechanisms ensure that only authorized parties gain controlled access to documents. Certified by the Fraunhofer Institute as fully usable without any previous training, the docurex virtual dataroom makes everything from mergers and acquisitions to board communications, real estate management, and insolvency proceedings simpler, faster, and more secure.
“Many businesses are understandably conservative, particularly when their most sensitive and valuable documents and other assets are at stake,” docurex representative Matthias Boehmichen said, “While sticking to tried-and-true dataroom arrangements can seem like the prudent thing to do, the fact is that there is a far better alternative. In new reports and other features at our website, we show clearly how docurex makes traditional dataroom processes obsolete. In fact, docurex makes the dataroom even more secure, while also cutting transaction times and costs and enabling worldwide access.”
Every business or other organization has documents and information to which access must be tightly controlled. Under normal circumstances, this might mean ensuring that only a company’s officers and directors can read documents or study information, but this cannot always be the rule. When a merger or an acquisition is contemplated, for example, representatives of the other party will typically need to be granted access to selected documents in order to help with the making of properly informed decisions.
The traditional solution to this challenge and others like it is the use of a designated, carefully controlled room where authorized persons can view such documents. Properly set up and monitored, a dataroom of this kind can allow for sensitive information to be shared in an appropriately focused way.
While such arrangements might fulfill their basic purpose, they also come with significant costs. As document access is restricted to a particular, physical location, for example, the process tends to be slow and expensive, with the time of important people being wasted waiting or traveling to a particular site.
The docurex dataroom solution presents a more modern answer to this whole class of challenges that improves on the traditional approach in every possible way. Designed and certified by the Fraunhofer Institute to be as easy as possible to use, the system lets even completely untrained parties access documents as they are authorized and do so from any location where Internet access is available.
At the same time, over twenty distinct security features enable access control that is superior to even conventional, physical datarooms, with redundancy, independent auditing, and other measures enabling the greatest of confidence and peace of mind. With a simple setup taking only a few minutes, business owners or leaders can grant permissions to as many specified parties as might be desired, cutting transaction costs and speeding up the full range of controlled document-access processes. Those interested can learn more about the docurex datarom and its many advantages at the company’s website, where newly released reports are available.
About docurex®:
Enabling secure, controlled, worldwide access to sensitive documents and other digital files, docurex cuts costs and transaction times with a virtual dataroom that anyone can administer or use without training.
For more information, please visit http://www.docurex.com/en
Contact Info:
Name: Matthias Boehmichen
Organization: docurex dataroom
Address: astiga GmbH Breitscheidstr. 65 Stuttgart, BW, 70176 Germany
Phone: +497114889020
Release ID: 129670
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