Due diligence software is utilized by companies to conduct an assessment of a third company’s practices in business, including their IT infrastructure. These tests can help companies spot any problems prior to a contract being concluded, since they reduce risks and ensure compliance.
It isn’t always easy to carry out these checks without having the right technology and tools. Due diligence software was developed to make the process easier.
Utilizing software for due diligence allows companies to streamline their M&A due diligence processes with tools to manage data, automating workflows and facilitating communication. It helps teams to collaborate and monitor progress with real-time analytics reporting. The best due diligence software for M&A provides a virtual information room as well as sharing and document management features with AI-enhanced redaction as well as an integrated Q&A tool and much more.
Nexis Diligence
Nexis is a platform for M&A due-diligence, which provides information around 200 million+ individuals, companies and legal tools such as risk mitigation guides. The software uses predictive modelling to anticipate the potential obstacles and provides recommendations to speed the process. It also comes with an AI-enhanced feature for redaction that allows you to easily review and scan documents.
ShareVault, a cloud-based solution for due diligence, lets 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 simple for users to move documents around. Support is available via phone, email and knowledge base.