When a firm decides to invest in a company they conduct due diligence. This includes reviewing the company’s documents, confirming references and examining for any hidden information. Due diligence software assists companies manage the process. By using it, they are able to document and centralize processes like assessments, environmental, financial, corporate governance, and social (ESG) diligence and more.
If you’re conducting an investigation into the tech, the person doing it will require your complete product documentation. This includes architectural diagrams, technical solutions and integrations, backup and recovery servers, as well as the process frameworks used to create the product. All of this documentation can aid in the speed of the process, and reduce the risks associated with possible deals.
Another process that is commonly used for due diligence is a tax inspection, wherein the acquirer reviews the tax profile of the company they are buying. It could identify tax liabilities like overstated losses, underreported expenses and tax liabilities for sales-and-use. Furthermore, it is able to uncover tax credits that have not been reported and deductibles.
One of the most effective tools for due diligence is a virtual data space that provides a secure space to store and share files. It should be able to support a variety of file formats including PDF, Word, Excel and more. It should also come with a search and browse feature along with file sharing and collaboration tools. It should also permit drag-and-drop uploads and multiple security levels and a built-in viewer. It should also work with all major browsers and mobile devices. SS&C Intralinks is a good choice, as it offers an effective collaboration tool as well as an intuitive user interface. It has a free version that can hold up to how to use your phone as a webcam 10GB of storage space and a 250MB upload limit. It is compatible with Android or iOS devices. It also has security features like AES 256 bit encryption as well as an ISO 27701 certificate.
