Due diligence software allows companies to assess a third-party’s business practices and IT infrastructure. These assessments can help companies identify any problems prior to a contract being signed, since they mitigate risks and ensure compliance.
However, performing these checks can be a challenging task without the right tools and technology. Fortunately, due diligence software has been created to make the process easier.
Due diligence software helps streamline M&A due diligence processes by offering tools to manage information, automate workflows, and aid in communication. Real-time analytics reports help teams and individuals to work together to monitor progress and track the results. The most effective due diligence software for M&A provides a virtual information room, sharing and document management features, AI-enhanced redaction, an integrated Q&A tool, and more.
Nexis Diligence
Nexis is an online platform for M&A due-diligence that offers information more than 200 million organizations, individuals and legal tools like risk mitigation guides. The software makes use of predictive modeling to anticipate obstacles that could arise, and offers suggestions for speeding the process. It also comes with an AI-enhanced feature to redact that allows you to easily review and scan documents.
ShareVault is cloud-based due-diligence solution that allows users to access and store documents in a secure way as well as add participants, E-Sign and communicate with them. Drag and drop uploading, as well as inter-document hyperlinking capabilities make it easy for users to move documents around. Customer service is available by phone, email and knowledge base.