{"id":27,"date":"2021-05-03T08:53:03","date_gmt":"2021-05-03T08:53:03","guid":{"rendered":"https:\/\/www.imprima.com\/resources\/faq\/"},"modified":"2021-09-22T10:10:45","modified_gmt":"2021-09-22T10:10:45","slug":"faq","status":"publish","type":"page","link":"https:\/\/www.imprima.com\/resources\/faq","title":{"rendered":"FAQ"},"content":{"rendered":"\t\t
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FAQs<\/h1>

Any questions about Imprima and our products? We\u2019ve got you covered. Alternatively, contact us at customersuccess@imprima.com<\/a>.<\/p>\n<\/p><\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Virtual Data Room<\/div><\/div><\/div>
AI Due Diligence<\/div><\/div><\/div>
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Virtual Data Room<\/h3><\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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What Is A Virtual Data Room?<\/div>\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t
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A virtual data room (sometimes called a VDR) is an online repository of information that is used for the storing and distribution of documents. In many cases, a virtual data room is used to facilitate the due diligence process during an M&A transaction, loan syndication, or private equity and venture capital transactions. This due diligence process has traditionally used a physical data room to accomplish the disclosure of documents. Virtual data rooms provide a flexible solution to managing business sensitive data by enabling deal managers to add or remove bidders in a deal, use their 24\/7\/365 access to obtain shared data and documents anywhere, anytime.\u00a0<\/p><\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>

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Why use a Virtual Data Room?<\/div>\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t
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In many cases a virtual data room is used to facilitate the due diligence process during an M&A transaction, loan syndication or private equity and venture capital transactions. For reasons of cost efficiency and security, virtual data rooms have widely replaced the traditional physical data room.<\/div><\/div><\/div>
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Is there really a difference between data room providers?<\/div>\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t
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Although there are many data room providers on the market, not all of them comply entirely with the required ISO27001 certification that’s necessary for companies engaging in a due diligence process to fully meet the legal requirements. Imprima is committed to obtain full ISO27001 certification that is also inclusive of all Imprima staff, making sure that we have you fully covered when entrusted with your confidential deals.<\/p><\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>

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How much time does it take to set up a VDR?<\/div>\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t
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With the help of the dedicated project manager that each of our client receives from the moment of signing their contract with us, a new data room can be set up within hours of signing an agreement with us. We know that time is of essence, and we’re here to facilitate your online transactions by making the process faster and smoother for you. We are here to help you and will work with you to review your deal requirements.<\/p><\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>

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How will I be supported in managing my virtual data room?<\/div>\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t
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We offer the broadest range of services available, from assistance prior to the virtual data room, data collection, and indexing with legally trained staff, through to document scanning, data room management and comprehensive closing bibles.<\/p><\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>

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Do I need to be trained to use the virtual data room? \/ Is the VDR easy to use?<\/div>\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t
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Your experienced project manager will get you started with a \u2018Kick off\u2019 call where they\u2019ll go through all the main areas of the room and answer any questions you may have. Our intuitive layout and design is easy to navigate and understand so you\u2019ll be up and running in no time. Your project manager will also be on hand 24hours a day 7 days a week should you need any assistance.<\/p><\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>

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Are there any technical requirements to use the Imprima Virtual Data Rooms?<\/div>\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t
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Our platform is compatible with multiple devices and can be accessed on a variety or mobile and desktop devices including Microsoft Windows, Mac OS, iOS and Android. There are no plug-ins or downloads required, enabling users to get started and access documents immediately.<\/p><\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t<\/div>

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Imprima AI<\/h3><\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Artificial Intelligence sounds like something from science-fiction, is it something we need?<\/div>\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t
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AI is more prevalent in the world around us than it may appear, and Imprima AI fits straight into established workflows within the due diligence workspace. By collaborating with professionals that perform due diligence, across multiple industries, we\u2019ve ensured that our AI solutions only go to enhance the way they work.
With Imprima AI integrated into our existing product suite, we\u2019ve streamlined the user experience by retaining a recognised UI, combined with keeping data in one secure space.<\/p><\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>

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Do I need any special technical training or setup in order to use Imprima AI?<\/div>\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t
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We\u2019ve designed Imprima AI to be up and running straight out of the box. It will learn as you work, meaning you can get straight into your process and focus on your task at hand without need to prepare anything ahead of time.
As well as removing the need to pre-train the AI, algorithms taught are bespoke to your process, rather than relying on anything pre-cooked.<\/div><\/div><\/div><\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>
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How does it compare to a purely manual process, can we trust the AI to perform?<\/div>\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t
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In all of our tests, Imprima AI has greatly outperformed the recognised benchmarks set by manual processing. With only 10-20% of the time it would take a human to process, our accuracy levels sit at over 95%.
We built the AI to be accessible to the user, so work undertaken can be constantly reviewed, with edits to methodology input as and when your process demands. Imprima AI works closely with you, not independently from you.<\/p><\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>

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Sounds great, do we need to use Imprima\u2019s VDR or ALM products to access Imprima AI?<\/div>\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t
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We really believe that used in partnership with our existing suite of market leading products, our users will truly see amazing results.
Imprima AI is certainly available as a product that stands on its own, should your process not require transactional or asset management hosting. And of course, you\u2019d still get access to our service and support if required.<\/p><\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t<\/div>

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Asset Lifecycle Management<\/h3><\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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What is Asset Lifecycle Management?<\/div>\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t
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Our Asset Lifecycle Management (or ALM) platform is Imprima’s latest product launch as an effort to support real estate asset management professionals in managing their acquired assets and keep all required documentation ready for a possible transaction. As real estate assets circulate on the market all the time, industry professionals need a platform that allows them to keep all their documentation in one secure environment, always ready to be shared when engaging in a new transaction. Within this centralised secure workspace that an ALM provides, documents can easily be accessed, any time, from any device.<\/p><\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>

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How is ALM different from a VDR (Virtual Data Room)?<\/div>\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t
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Although both our ALM and VDR platforms are equally subjects to the ISO27001 certification, ALM is designed to be used on an ongoing basis, providing a secure environment for real estate asset managers to store and manage their assets online, in a trusted environment.<\/div><\/div><\/div><\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>
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Why should I use ALM?<\/div>\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t
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Our ALM platform is a convenient solution for any real estate asset manager who wishes to keep their business critical data and documents in a centralized, secure online storage space. ALM managers can invite up to 100 users to their account, so the ALM becomes a trusted online collaboration platform.<\/p><\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>

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Can I transform an ALM into VDR?<\/div>\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t
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The advantage of using our ALM is that all information can be securely transferred into a VDR when it comes to transitioning assets. This can be done at any time repeatedly, enabling you to shorten the pre-data room setup period.<\/p><\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t<\/div>\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

Virtual Data RoomAI Due DiligenceAsset Life-Cycle Management Virtual Data Room What Is A Virtual Data Room? A virtual data room (sometimes called a VDR) is an online repository of information that is used for the storing and distribution of documents. In many cases, a virtual data room is used to facilitate the due diligence process […]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":12,"menu_order":20,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-27","page","type-page","status-publish","hentry"],"yoast_head":"\nFrequently Asked Questions | Imprima Virtual Data Rooms<\/title>\n<meta name=\"description\" content=\"Our FAQ's page includes key information about Virtual Data Rooms and Asset Lifecycle Management so you can get your deal done faster.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.imprima.com\/resources\/faq\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FAQ\" \/>\n<meta property=\"og:description\" content=\"Our FAQ's page 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