Virtual Data Rooms

A perfect virtual data room leaves a professional impression at the due diligence analyst is the virtual data room a marketing tool for complex items, such as mergers or large real estate transactions. Therefore applies the same principle as in the trade: there is no second chance for a first impression! Many participants in complex transactions consider cyberspace data merely as a means to an end to the completion of an acquisition. The reasons for this lie mainly in the detail orientation of due diligence on the contrary to the strategic business plan. The often lengthy and extremely conscientious examination of countless documents is a tedious and time-consuming work, which can make it difficult by lack of professionalism in the implementation. The shift in the due diligence of the classical physical data rooms on the modern online due diligence in virtual data rooms the latter already a considerable improvement in recent years. He’s fast, simple and parallel access to the documents in the virtual data room, enormously simplifies the work of analysts. The prerequisite for this, however, is that the data in the virtual data space must be well organized, because otherwise the data inconsistency may occur and the overview of the content is missing.

A professional establishment of virtual data space transparency arises, however, because all relevant information of the subject of the sale is structured are available the buyer and the seller. And there is a clear link between transparency and purchase price or representations and warranties in a transaction. I.e. the lower the transparency, the lower the purchase price and the higher the warranty claims. This is of course especially for high-quality assets. An asset is too opaque, usually at all no transaction is able, because the risk from buyer point of view is too high. In this sense, the virtual data room must be understood not only as a platform for document sharing, but also as a marketing tool. A perfect virtual data room leaves a professional impression with the due diligence analysts who get the virtual data room, often only and not the sale object itself to face. In addition, the subsequent buyer receives an optimum data base and work basis for working with the acquired object.