Replacing time-demanding manual work with AI that allows analysts, sellers, and buyers – and their lawyers – to focus on executing more strategic tasks is the future.
Article 50, triggered just nine months after Brexit was officially announced, will give the UK exactly two years to strike a deal with the EU concerning its departure from the economic and trading bloc.
...Drooms, which is one of the biggest European providers of virtual data rooms, is utilising artificial intelligence (AI) and natural language processing to support its international expansion into new markets.
Drooms, the virtual data room provider, has recently strengthened its expertise in the field of lifecycle asset management with the acquisition of DealMarket. Here, Jan Hoffmeister tells us more about the purchase and Drooms’ plans to utilise its new-found assets going forward.
Drooms, a provider of virtual data rooms, has agreed a deal to acquire DealMarket with effect from 1 January 2017 to boost its service portfolio for the entire asset lifecycle.
No more drowning in tons of paper and receiving eye-watering bills from lawyers – Drooms introduces a brand new virtual data room, Drooms NXG. The work is a result of a two-year development, says Jan Hoffmeister, managing director and co-founder of Drooms, and features self-learning software and automatic translation from core European languages to English.
Drooms has launched its new virtual data room Drooms NXG, an intuitive platform designed to increase automation of due diligence processes, for example within the framework of mergers and acquisitions, real estate transactions and IPOs
Is diegetisation is already at the core of money business procesess. The automation of the workflows is the next revolution that will affect companies at all levels. The vision which inspires many technology companies is a world where many time consuming tasks are optimized and made easier, allowing people the freedom to have more time for strategic decision making.
