Insolvencies continue to rise – virtual data rooms streamline processing and management

The trend continues: Corporate insolvencies remain on the rise in many countries worldwide. In Germany, for instance, the number increased by almost 30 percent in the first six months of 2024 compared to the same period last year. This is the highest level in almost a decade. Insolvencies among medium-sized and large businesses have grown significantly, and in companies with more than 250 employees the number has actually doubled.

Manage insolvencies efficiently with a virtual data room
Managing insolvency proceedings is usually a complex undertaking – not least because of the stringent legal requirements and regulations and the tight deadlines involved. In addition, thousands of documents have to be disclosed to numerous parties, such as creditors, investors, trustees, banks and advisors, in a carefully controlled manner.

To make this process as efficient, transparent and simple as possible for everyone involved, a virtual data room is the best choice. As a proven platform for the secure exchange of confidential information and documents, it offers a range of valuable functions, including:

  • Role-based, user-specific access rights to documents

  • Tracking of logins, read access, uploads and downloads

  • Protection of documents from printing and downloading

  • Redaction of confidential content in documents

  • Additional document protection with watermarks

  • Q&A functionality for efficient viewing and processing of questions and answers

  • An audit-proof archive copy of the data room

  • 256-bit data encryption 

Test now for free
See for yourself and try netfiles Deal Room free of charge for 14 days. If you have any questions, our sales team would be happy to advise you on how netfiles Deal Room can support you in insolvency proceedings.