Due diligence is an essential part of any M&A process. Due diligence helps vendors and buyers avoid roadblocks that might be unexpected and lead to higher valuations. However due diligence can be difficult and time-consuming if it involves the search through various systems and manually checking statuses and documents. There are tools that will streamline the process and keep you on track.
The software provides an online data room and collaboration tools, in addition to analytics and other tools to accelerate the M&A process. It is compatible with every device or browser and can be used by teams of any size. It supports 25+ types of files and comes with an upload feature that allows you to drag and drop documents feature. Data security is extremely high due to SSAE-16 type II compliant datacenters as well as AES-256 encrypted. Service to customers is offered via email, phone or a knowledgebase.
The DD360 platform is powerful and secure cloud-based due diligence platform that provides business intelligence, automated workflows, and a centralized repository for all your documentation and information. Its features include a collaborative workspace, a virtual data room with e-Signing, as well as communications capabilities. It also includes the risk assessment tool that assists you in identifying the risk in your third-party relationships.
Nexis Diligence is a subsidiary of LexisNexis and serves as the complete due diligence software to evaluate any risk from third-party entities that work with your business. It has a broad searchable database of 82 billion records. It allows you to track the global and domestic sanctions as well as Politically Exposed Persons and more. It also allows you to build auditable reports.