Using Due Diligence Software to Speed Up the Due Diligence Process

Using Due Diligence Software to Speed Up the Due Diligence Process

Using Due Diligence Software to Speed Up the Due Diligence Process 150 150 Michael Shvarzman

Due diligence is conducted by a business prior to investing in a company. This includes reviewing the company’s documents as well as checking references and looking for any hidden information. Due diligence software can help companies manage the process. It allows them to document and centralize procedures like assessments, financial diligence, environmental corporate governance, and social (ESG) diligence and other.

For instance, if you are conducting a technology due diligence, the person executing it will require all the documentation of your product including architectural diagrams integrations and tech solutions, backup and recovery, servers and the process frameworks that were used to create the product. The documentation of all this can help to speed up the process and reduce the risks associated with a potential deal.

Tax examinations are another common due diligence procedure, in which the acquirer examines the tax profile of the target company. It can uncover tax liabilities, such as overstated losses, underreported expenses, and sales-and-use tax exposures. It also can uncover tax deductions that are not reported and credits.

One of the best tools to conduct due diligence is a virtual data room that can provide a secure place to save and share files. It should be able to support formats for files like PDF, Word, Excel and more. It should also have an intuitive search and browse feature, file sharing options and collaboration tools. Additionally, it should allow for easy uploads via drag and drop and multiple levels of security and an integrated viewer. It should be compatible with all major mobile devices and browsers. An excellent choice is SS&C Intralinks, which offers an intuitive user interface and powerful collaboration tools. It has a free version that allows up to 10GB storage and a 250MB upload limit. It’s compatible with Android or iOS devices. It also includes security features like AES 256 bit encryption as well as an ISO 27701 certificate.

Leave a Reply