Using Due Diligence Software to Speed Up the Due Diligence Process

If a company decides to invest in a company they conduct due diligence. This involves going over the company’s documents, confirming references and examining for any hidden information. Due diligence software aids companies manage the process. Using it, they can document and centralize procedures like assessments, environmental, financial, corporate and social (ESG) diligence and more.

For instance, if you are conducting a technology due diligence, the person performing it will require all your documentation for your product such as architectural diagrams, tech solutions and integrations backup and recovery servers, and the process frameworks that were used to create the product. The documentation of all this can help to accelerate the process and minimize risks that could arise from a deal.

Another common due diligence process is a tax examination, in which the acquirer analyzes the tax profile of the target company. This could reveal tax liabilities, including understated net operating losses and under-reported tax expenses and exposures to use and sales tax. It may also reveal unreported tax deductions and credits.

One of the most effective tools to conduct due diligence is a virtual data room which can provide a safe and secure location for sharing and storing files. It should be able to support multiple file formats, including PDF, Word, Excel and many others. It should also have an option to search and browse, collaboration tools and file sharing. It should also allow drag and drop uploads with multiple security levels and a built-in viewer. It should also be compatible with all major browsers and mobile devices. SS&C Intralinks is a good option, since it provides an efficient collaboration tool free trial of ipvanish vpn provider and an intuitive user interface. It offers a no-cost version that can provide up to 10GB of storage and 250MB upload limit and is compatible with Android and iOS devices. It also has security features like AES 256 bit encryption and ISO 27701 certificate.

Leave a Comment