Due diligence software allows businesses to assess a third-party’s business practices and IT infrastructure. These assessments can help companies discover any problems prior to a contract being completed, and help mitigate risks and ensure compliance.
However, conducting these checks can be a daunting task without the proper tools and technology. Fortunately due diligence software has been developed to help simplify the process.
Due diligence software simplifies M&A due diligence processes by offering tools to manage data, automate workflows and improve communication. It can also make it easier for teams to collaborate and monitor progress with real-time analytics reporting. The best due diligence software for M&A provides a virtual information room, sharing and management of documents, AI-enhanced redaction, an integrated Q&A tool and much more.
Nexis Diligence
Nexis is an M&A due diligence platform that provides data on more than 200 million people and organizations and a range of legal tools such as risk mitigation guides. The software makes use of predictive modelling to anticipate potential obstacles, and provides suggestions to speed the process up. It also comes with an AI-enhanced feature for redaction which allows you to easily review and scan documents.
ShareVault, a cloud-based service for due diligence, enables users to save and browse documents in a secure way, add participants, E sign and communicate with them. Drag and drop uploading, inter-document hyperlinking and other features make it easy for users to move documents around. Customer service is available by email, phone and knowledge base.