Tuesday, July 19, 2010 9:50 am ET
Summary: The V-Rooms™ Vault provides boards of directors of public and private companies with a highly secure and economical web-based environment to manage all board level information.
Atlanta, GA (PRWEB) July 20, 2010 -- V-Rooms™, a product of Due Diligence Online, LLC, will launch the V-Rooms™ Boardroom Communications Vault at the upcoming Alliance of Merger and Acquisition Advisors AM&AA 2010 Summer Conference in Chicago, July 20-22.
Corporate governance and accountability are becoming increasingly more complicated. Corporate boards of directors, along with their associated committees, executives and outside consultants generate and share highly sensitive information relating to topics such as strategic alliances, potential acquisitions, compensation and litigation, just to name a few. Currently this information may be distributed through different unsecured channels, such as standard intra-company email, that fail basic security requirements and may represent potentially serious compliance or organizational issues.
Key Challenges Faced by Corporate Boards
- Data security breaches pose substantial risks to directors, executives and corporations.
- Accessibility by directors in various locations... even internationally is difficult.
- Board books and minutes must be developed, compiled and distributed quickly.
- Traditional document distribution methods are unsecure, time-consuming and costly.
- Accelerated decision-making ability is a necessity in today's fast-paced environment.
- Corporate email systems may inadvertently provide access of insider information to unauthorized individuals.
"Our V-Rooms Document Vault is a simple web-based solution that makes it easy for board members to economically access, review and exchange the crucial business data they need in order to make better, more informed decisions," said Dan Bradbary, CEO of V-Rooms™. "Cost sensitive board members are able to build and download board books, upload new versions of documents, access historic documents 24/7 and even cast their vote on our secure system."
The V-Rooms Vault provides corporate boards with a highly secure and cost effective web-based environment to manage all board level information. This is essential in today’s highly mobile and regulated environment where board directors in various locations create logistical challenges for the directors themselves, as well as those individuals responsible for administering boardroom activities.
About V-Rooms: Due Diligence Online, LLC (800-731-6379). V-Rooms provides a privately-branded online virtual data room solution, designed to streamline document management, collaboration, exchange and archiving for Financial, Legal and Corporate professionals. Our document repository facilitates the compliant and auditable exchange of sensitive information to accelerate complex, information-intensive processes, while reducing the time and expenses associated with data distribution, courier, printing and travel.
