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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 looking through the company’s documents, confirming references and looking for hidden information. Due diligence software helps firms manage the process. By using it, they are able to document and centralize procedures like assessments environmental, financial, social and corporate governance (ESG) diligence and more.

If you are performing an investigation into the tech and the person conducting it will require all of your documentation for your product. This includes architectural diagrams, tech solutions and integrations backup and recovery servers, and process frameworks utilized to develop the product. All of this documentation can help speed up the process, as well as reduce the risk of potential deals.

Another common due diligence process is a tax exam, in which the acquirer analyzes the tax profile of the target company. This could reveal tax liabilities such as overstated losses, underreported expenses and tax liabilities for sales-and-use. It also can uncover tax deductions and credits.

One of the most effective tools to conduct due diligence is a virtual data room which provides a secure space for sharing and storing files. It should be able to support file formats like PDF, Word, Excel and more. It should also come with an intuitive search and browse function, file sharing features and collaboration tools. It should also permit drag-and-drop uploads as well as multiple security levels and a built-in viewer. It should be compatible with all major mobile devices and browsers. One option is SS&C Intralinks, which offers an intuitive user interface and powerful collaboration tools. It has a free version that can hold up to 10GB of storage and a 250MB upload limit. It is compatible with Android or iOS devices. It also comes with security features like AES 256-bit encryption and ISO 27701 certification.