Wintersteiger AG, a manufacturer of specialist machines based in Austria, is using the Brainloop Secure Dataroom to share confidential documents with the board and for financial reporting purposes.
Boston, USA and Ried, Austria, September 14, 2010 — Wintersteiger AG, a manufacturer of specialist machines based in Austria, is using the Brainloop Secure Dataroom ( http://www.brainloop.com ) to share confidential documents with the board and for financial reporting purposes. The web-based secure collaboration platform enables Wintersteiger, a global market leader, to significantly improve process efficiency as well as the transparency of its information flows.
Wintersteiger’s 11 subsidiaries now file their confidential reports and contracts in the secure data room. This is a new procedure for the company and replaces the methods used previously, which included sending items by postal mail and as non-secure email attachments. Roland Greul, Wintersteiger’s CFO, is very satisfied with the solution: “The Brainloop Secure Dataroom ( http://www.brainloop.com ) is ideal for us. It has the essential functions for 24/7 secure collaboration around the globe. It’s also user-friendly and reflects the way information has been processed. In addition, staff can update, upload and store reports directly in the data room, making these processes more efficient.”
For Wintersteiger’s board communications, two of the Brainloop data room’s ( http://www.brainloop.com ) additional plus points are the audit trail that logs every access, and the allocation of individual permissions to view, forward or print documents. Like many other companies, Wintersteiger places considerable importance on regulatory compliance and is now able to set up transparent processes stipulating how confidential information should be shared. As a result, the company can provide information about the transfer or location of confidential documents at any time.
In 2011 Wintersteiger plans to conduct its acquisitions in the Brainloop Secure Dataroom, ( http://www.brainloop.com ) and will also use it to report information to external business partners such as the company’s banks.
About Brainloop:
Brainloop, ( http://www.brainloop.com ) with offices in Boston and Munich, is the leading supplier of software solutions for high-security document collaboration. Brainloop’s secure online workspace is a virtual document safe that enables secure filing, editing and distribution of highly confidential documents within a single company, and beyond. All contents are powerfully protected from unauthorized internal or external access, and all actions within the application are documented by a tamper-proof audit trail. Frequent uses include contract negotiations, collecting data and compiling quarterly reports, collaboration with external auditors and counsel, and any other communication that contains confidential information.
Brainloop is used internationally by hundreds of renowned companies including BMW, Deutsche Telekom, Eurocopter, Galileo Industries, Premiere and ThyssenKrupp. Leading law firms and investment banks use this solution for the complete life cycle of M&A transactions. Strategic partners of Brainloop are HP, IZB, Microsoft and T-Systems Business Services. http://www.brainloop.com
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