Due diligence is conducted by a company prior to investing in a company. This involves looking through the company’s documentation, checking references and looking for any hidden information. Due diligence software aids companies manage the process. By using it, they are able to document and centralize processes such as assessments environmental, financial, corporate and social (ESG) diligence and other.

If you’re performing due diligence on technology that person performing it will require your complete product documentation. This includes architectural diagrams, technical solutions and integrations, backup and recovery servers, as well as process frameworks used to create the product. Having all of this documented can help to speed up the process and reduce the risks of a potential deal.

Tax examinations are a different common due diligence process in which the buyer analyzes the tax profile of the target company. It could uncover tax liabilities, such as excessively reported losses, underreported expenses as well as tax liabilities related to find here sales and use. In addition, it can find tax credits that are not reported and deductibles.

One of the best tools for due diligence is a virtual data room that can offer a safe place for sharing and storing files. It should have the ability to work with formats for files like PDF, Word, Excel and many more. It should also offer an intuitive search and browse feature, file sharing features and collaboration tools. It should also permit drag-and-drop uploads and multiple security levels and a built-in viewer. It should also work with all major mobile devices and browsers. The best option is SS&C Intralinks, which offers an intuitive user interface and powerful collaboration tools. It has a trial version with up to 10GB storage space and a 250MB upload limit. It works with Android or iOS devices. It also comes with security features like AES 256 bit encryption and ISO 27701 certificate.