Due diligence is a crucial aspect of any M&A process. It helps sellers and buyers avoid roadblocks that might arise during the deal and often results in higher value. Due diligence can be a time-consuming and difficult if you have to go through various systems and manually verify statuses and other documents. There are tools that will streamline the process and keep you organized and on track.
The software includes an interactive dataroom, collaboration tools, as also analytics and other tools that speed up the M&A processes. It can be used by any team and works with all devices and browsers. It also comes with an upload feature for documents that you drag and drop and supports 25different formats for documents. Its data security is top with SSAE-16 Type II certified data centers and AES-256 encryption. Customer support is available via email, phone and a knowledge base.
The DD360 platform is a powerful, secure, cloud-based platform for due diligence. It provides business intelligence, automated processes and central storage for all your data and documents. Its features include a collaborative workspace as well as a virtual data room communication, eSigning, and data room capabilities. It also comes with a tool for risk assessment, which helps you identify dangers in your third party relationships.
Nexis Diligence is a subsidiary of LexisNexis and serves as the all-in-one software for due diligence to assess any risk that could arise from the individuals and third-party entities that work with your business. It has an extensive database of 82 million records that can be searched. You can monitor domestic and international sanctions and Politically Exposed Persons, and many more. It also allows you to make auditable reports.