Using Due Diligence Software to Speed Up the Due Diligence Process

Due diligence is conducted by a business prior to investing in a business. This entails reviewing the documents of the company in addition to checking references and searching for hidden details. Due diligence software aids companies manage the process. With it, they can document and centralize processes such as assessments environmental, financial, social and corporate governance (ESG) diligence and other.

If you’re performing an investigation into the tech that person performing it will require all of your product documentation. This includes architectural diagrams, technical solutions and integrations, backup and recovery servers, as well as frameworks for processes that were utilized to develop the product. The documentation of all this will accelerate the process and minimize risks associated with a possible deal.

A tax examination is a common due diligence procedure, in which the acquirer examines the tax profile of the target company. This can uncover tax liabilities such as understated net operating losses and under-reported tax expenses and exposures to use and sales tax. 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 space that can provide a safe and secure location for sharing and storing files. It should be able to support a variety of file formats including PDF, Word, Excel and more. It should also come with an intuitive search and browse function along with file sharing capabilities and collaboration tools. In addition it should permit easy uploads via drag and drop, various levels of security, and an integrated viewer. It should also be compatible with all major browsers and mobile devices. SS&C Intralinks is a good option, since it provides powerful collaboration tools and an intuitive user interface. It has a trial version that can hold up to 10GB of storage space and a 250MB upload limit. It’s compatible with Android or iOS devices. It also has security features such as AES 256-bit encryption as well as ISO 27701 certification.

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