Due diligence

Close your transactions faster with Drooms NXG

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Efficiency for your workflow

Due diligence is at the very heart of many transactions and is a tedious and time-consuming examination of numerous documents—a process that often can be difficult to manage when multiple parties are involved. However, the traditional challenges usually faced by those performing due diligence, including document management and lack of transparency, have been significantly reduced as users switch from traditional physical data rooms to virtual data rooms.  

 


Structure your process

A virtual data room should not just be a communication platform used to securely exchange confidential documents – the software also should allow you to conduct your due diligence process in a structured and transparent manner. A proper virtual data room should include:

  • A clear and flexible index structure that supports document review workflows
  • A detailed rights management system, including structured Q&A processes
  • A reporting process that increases transparency and creates a clear audit trail

Drooms is your reliable software partner focused on streamlining online due diligence processes and supporting the needs of your industry by providing services such as collecting, indexing, and digitising documents for transaction preparation.

 

Speed matters

Whether due diligence is required as part of a fundraising campaign, real estate asset sale, or an M&A transaction, speed is the key success factor for viewing and managing documents for both the buy and sell sides of a transaction. Drooms Instant Access Technology was developed specifically for this purpose and can help increase the likelihood of closing by helping speed up the process. It includes:

  • High-speed access to documents, including large-scale plans
  • High-speed batch uploads to process large volumes of documents
  • Single-click feature that provides a complete index overview
  • Immediate access to new documents

 

Document Translation

The document translation feature of Drooms NXG allows you to work in your favourite language.

Notes and Highlights

Highlight something important and comment on it, be it an entire document, a page or a specific part of the text

Browser Version

When the quick access to your due diligence information is required, Drooms NXG is also available as a browser version enabling the display of the data room documents.

Branding

Corporate branding is a smart solution to customize your data room with your company logo and a project image.

Q&A

The new Q&A workflow is so intuitive, it can be set up in a matter of minutes and is fully self-operating, even for complex projects requiring several levels of approval.

Findings Manager

The Findings Manager’s algorithm filters the data room content and automatically attributes relevance to search terms, synonyms, and related search patterns.

New Q&A tool

Drooms NXG revolutionises the Q&A by making it easy to set up and enjoyable to use. Even complex Q&A processes with several levels of specialist approval are simple to configure, while an enhanced range of activity enables a more efficient workflow. For instance, you can add an attachment to an answer or link the latter to a document in the data room! You can also tailor the Q&A individually according to your needs and automate parts of the workflow, as well as keep full control over group activities and user permissions.

Q&A tool details

 

"Our collaboration with Drooms went smoothly, without any problems whatsoever. Drooms proved itself a reliable partner and consultant throughout the entire transaction. The fast and user-friendly platform made the project flow seamlessly. A truly exceptional service provider who we can recommend without reservation."

Deputy Managing Director
NLB InterFinanz AG, Zurich

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