Minimising legal risks through digitisation: Why the right data room matters
Embracing digitisation with an advanced virtual data room significantly enhances the management of sensitive transactional data.
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Drooms solutions are trusted by deal makers because they are built to ensure the seamless preparation of any real asset transaction. By keeping documents securely organised and easily accessible during the holding phase, our secure platform and tailored services ensure transaction-readiness, so your due diligence tasks can get started with just a few clicks.
Efficiently manage due diligence processes with a Drooms transaction data room. Our platform facilitates secure and seamless due diligence and speeds up the time to transaction with automated workflows and AI-powered processes.
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Embracing digitisation with an advanced virtual data room significantly enhances the management of sensitive transactional data.
Regardless of the size of a transaction, due diligence is to some extent a regulated process. Having these 25 documents in your data room will make the world of difference. Here we advise you on how to start off a deal on the right foot.
We understand the intricacies of high-stakes transactions and offer a suite of services tailored to enhance your deal process. Our services are designed to cater specifically to the needs of capital markets and corporate finance participants, streamlining deal-making among stakeholders and interested parties.
One data room. Many possibilities.
Drooms is the leading virtual data room provider in Europe. In addition to securely handling confidential business processes such as commercial real estate sales, mergers & acquisitions and NPL transactions via its suite of products, Drooms can also map all stages across the entire lifecycle asset management process on a single platform. Drooms therefore provides clients with the ability to safely store and process sensitive documents and make transactions faster and more efficient.
As a leading data room provider, all data transfers at Drooms are carried out exclusively via SSL-secured connections and encrypted with AES 256-bit to ensure maximum security.
Drooms is an ISO 27001:2022 certified company committed to continuously improving security and meeting all necessary regulations. Both internal and external security audits are regularly conducted. The contractually agreed data processing takes place exclusively in Germany or Switzerland, and any relocation to another third country requires the customer’s consent. To secure access to data, Drooms offers various functions such as two-factor authentication and precise access controls that allow customers to retain control over their data.
Drooms FLEX:
For straightforward, smaller transactions or simple and secure online document management, our self-service product Drooms FLEX is best for you. Here you can set up and manage your data room independently on a monthly basis.
Drooms TRANSACTION:
For complex transactions and due diligence processes, we recommend our Drooms TRANSACTION data room. Here, you benefit from the advantages that using a complete software and service solution from a single source brings. A Drooms Customer Success Manager supports you with all aspects of your virtual data room with personal support 24/7. In addition, the services of our Real Estate Services team can also be added. Our expert team supports you during the preparation phase of the transaction and check the content of your data room to ensure that it is complete, consistent and up to date. They also support you with the research and sourcing of all asset and transaction-relevant documents in order to prepare for the due diligence.
Setting up a virtual data room is always advisable when your company regularly shares confidential information with business partners or customers, or when sensitive data needs to be securely stored and accessible. Especially in the real estate industry, but also in the legal, scientific, financial, and healthcare sectors, implementing a data room can be beneficial.
No. Drooms works on almost all devices and does not require hardware / servers on site. The only requirement is a web browser and an internet connection. In addition, we offer a separate app for iOS devices that can be downloaded from the App Store.
When looking for the right data room provider, you should focus primarily on the issues of security and data protection. Questions such as where the servers are located, whether the provider is ISO certified, and how GDPR issues are handled are particularly important. In addition, it is recommended to gather information about different data room providers on various review platforms, such as Capterra.
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