Due diligence is a critical aspect of any M&A. It helps sellers and buyers avoid roadblocks that might arise during the process and often can result in higher valuations. However conducting due diligence can be difficult and time-consuming, especially if it involves using different systems and manually checking statuses as well as documents. There are tools to streamline the process and keep you on track.
The software provides an online data room and collaboration tools, as well as analytics and other tools to accelerate the M&A process. It is compatible with any browser and device and can be used by teams of all sizes. It supports more than 25 types of documents and features the ability to upload documents via drag-and-drop feature. Data security is extremely high with SSAE-16 type II compliant datacenters and AES-256 encrypted. Customer support is available via phone, email and knowledge base.
DD360 is a robust, secure cloud-based system for due diligence. It provides business intelligence, automated processes, and an integrated repository for all your data and documents. Its features include collaboration workspaces as well as a virtual data space as well as e-Signing and communication capabilities. It also comes with an assessment tool for risk that helps you to identify the risks in your third-party relationships.
Nexis Diligence, a subsidiary of LexisNexis, is the all-in-one More Help due diligence tool that assesses any potential risk posed by people and third party entities that interact with your company. It has a massive database of 8 million records that can be searched. You can monitor domestic and international sanctions as well as politically Exposed Persons and more. It also lets you make auditable reports.