Due diligence software is utilized by companies to conduct an evaluation of a third party’s business practices, which includes their IT safe data sharing infrastructure. These assessments can help companies identify any issues prior to the deal being completed, and help reduce risks and ensure compliance.
However, conducting these checks can be a complicated task without the right tools and technologies. Due diligence software was created to simplify the process.
Due diligence software simplifies M&A due diligence processes, by providing tools to manage information, automate workflows, and improve communication. Real-time analytics reports allow teams and individuals to collaborate as they monitor progress and record the results. The best due diligence software for M&A offers a virtual data room, sharing and managing documents, AI-enhanced redaction, an integrated Q&A tool and much more.
Nexis Diligence
Nexis is an M&A due diligence platform that offers information on 200 million+ people and companies, as well as a range of legal tools such as risk mitigation guides. The software uses predictive modelling to anticipate the potential obstacles and provides suggestions to speed the process up. It also has a robust AI-enhanced redaction feature that allows you to check and examine documents for breaches in confidentiality.
ShareVault, a cloud-based solution for due diligence, allows users to save and browse documents in a secure way, add participants, E sign and communicate with them. Its drag and drop uploading and inter-document hyperlinking capabilities allow users to move documents around. Customer service is available via phone, email, and an information base.