Due diligence is an essential component of any M&A. It aids buyers and sellers to avoid any unexpected obstacles during the transaction and usually can result in higher valuations. Due diligence can be a time-consuming and difficult if you have to search through different systems and manually verify statuses and other documents. There are tools that can streamline the process, and keep you on track.
The software has a virtual dataroom and collaboration tools as along with analytics, and other tools that accelerate the M&A processes. It works with any device and browser and is a great tool for teams of all sizes. It supports 25+ types of files and comes with the ability to upload documents via drag-and-drop feature. Security of data is extremely high with SSAE-16 type II compliant datacenters as well as AES-256 encrypted. Customer service is available via telephone, email and a knowledge base.
DD360 is a powerful and secure cloud-based due diligence platform that offers business intelligence, automated workflows and a central repository for all of your documentation and information. Its features include a collaborative workspace with a data room virtual, eSigning, and communication capabilities. It also comes with an assessment tool for risk, which helps you identify risks in your third party relationships.
Nexis Diligence is a subsidiary of LexisNexis and is the all-in-one software for due diligence for assessing any potential risk from the individuals and third-party entities that work with your business. It has an extensive database of 8 million records that can be searched. You can keep track of international and domestic sanctions, Politically Exposed Persons, and many more. It also enables you to create auditable documents.
