Due diligence is conducted by a company prior investing in a business. This involves reviewing the company’s documents, checking references and looking for hidden information. Due diligence software helps firms manage the process. It allows them to organize and document processes such as assessments financial diligence, environmental corporate governance, and social (ESG) diligence and other.
If you’re conducting a tech due-diligence that person performing it will require your complete product documentation. This includes architectural diagrams, tech solutions and integrations, backup and recovery servers, and process frameworks that were used to create the product. All of this documentation can aid in speeding up the process, as well as reduce the risk associated with potential deals.
A tax examination is a common due diligence procedure, where the buyer examines the tax profile of the targeted company. This could reveal tax liabilities such as overstated losses, underreported expenses and tax liabilities for sales-and-use. It can also reveal tax deductions not reported as well as credits.
One of the best tools to conduct due diligence is a virtual data room that can provide a secure place for sharing and storing files. It should have the ability to work with file formats such as PDF, Word, Excel and more. It should also come with the ability to search and browse along with file sharing and collaboration tools. Additionally, it should allow for easy drag and drop uploads as well as multiple levels of security and a built-in viewer. It should also support all major browsers and mobile devices. An excellent choice is SS&C Intralinks, which offers an intuitive user interface and powerful collaboration tools. It has a free version that offers up to 10GB of storage space and 250MB of upload limit and is compatible with Android and iOS devices. It also includes security features such as AES 256 bit encryption and ISO 27701 certificate.