Using Due Diligence Software to Speed Up the Due Diligence Process

Due diligence is performed by a business prior to investing in a company. This involves 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 lets them centralize and document processes such as assessments, financial diligence and environmental, social, and corporate governance (ESG).

If you are performing a tech due-diligence and the person conducting it will require your complete documentation for your product. This includes architectural diagrams, tech solutions and integrations backup and recovery servers, and process frameworks that were utilized to develop the product. Having all of this documented can speed up the process and decrease the risk associated with a potential deal.

Another process that is commonly used for due diligence is a tax examination wherein the acquirer reviews the tax profile of the target company. This can identify tax liabilities like unreported losses, overstated loss as well as tax liabilities related to sales and use. It also can reveal unreported tax deductions and credits.

One of the best tools to conduct due diligence is a virtual data space that can provide a safe and secure location to save and share files. It should have the ability to work with file formats like PDF, Word, Excel and more. It should also offer an intuitive search and browse function as well as file sharing features and collaboration tools. It should also permit drag-and-drop uploads, multiple security levels, and a built-in viewer. It should support all major mobile devices and browsers. The best option is SS&C Intralinks, which offers an intuitive user interface as well as powerful collaboration tools. It comes with a no-cost version that has up to 10GB storage space and a 250MB upload limit. It is 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

Your email address will not be published. Required fields are marked *