Due diligence software is utilized by businesses to conduct an evaluation of a third party’s business practices, including their IT infrastructure. These assessments can help companies discover any issues before a deal is completed and help reduce risks and ensure compliance with laws.
However, performing these tests can be a difficult task without the proper tools and technology. Due diligence software was designed to simplify the process.
Utilizing software for due diligence allows companies to streamline their M&A due diligence procedures by using tools for managing information, automating workflows, and facilitating communication. It can also make it easier for teams to work together and monitor progress with real-time analytics reporting. The best due diligence software for M&A provides a virtual information room documents, sharing and management of documents, AI-enhanced redaction, an integrated Q&A tool and more.
Nexis Diligence
Nexis is a platform for M&A due-diligence that offers information around 200 million+ individuals, companies and legal tools, such as risk mitigation guides. The software makes use of predictive modeling to anticipate possible obstacles, and provides recommendations to speed the process up. It also comes with an AI-enhanced feature that allows you to easily scan and review documents.
ShareVault is cloud-based due diligence tool that lets users save and access documents in a secure manner as well as 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 support is available via phone, email and knowledge base.