With the introduction of Sarbanes-Oxley (SOX) legislation, the demands for greater transparency and financial reporting have dramatically increased at governmental and shareholder levels. These profound compliance and governance changes have greatly contributed to the challenges, requirements and expenses associated with business management.
V-Rooms™ Compliance, SOX, and Governance Virtual Data Rooms have the ability to generate a comprehensive audit collection of detailed reports, including reports that capture changes to documents, user communications and document viewing. Clients may control viewing and printing rights and vary them from party to party and from phase to phase in a transaction. This lets a seller or owner keep key information confidential until he is ready for disclosure and then to disclose it only to those that he chooses.
Companies can effectively manage audit requirements by eliminating the need to track hard copy documents, faxes and e-mails which create unnecessary confidentiality issues about the transaction in the e-mail systems, servers and fax rooms of every party involved. At the conclusion of a transaction, clients can create copies of all reports and related data relating to their work rooms on a DVD, at no additional cost, which are useful for auditing and general record keeping purposes.
The benefit of having a single, controlled, master < a href="http://www.v-rooms.com/document-repository.php">document repository eliminates the need for document couriers, faxes and e-mails and to circulate drafts for review and comment.
