Due diligence software allows businesses to evaluate a third party’s business practices and IT infrastructure. These assessments can help companies identify any issues prior to a transaction being signed, since they mitigate risks and ensure compliance.

However, conducting these checks can be a complicated task without the right tools and technology. Fortunately due diligence software has been developed to make the process easier.

Utilizing software for due diligence allows companies to simplify their M&A due diligence procedures by using tools to manage information, automating workflows, and facilitating communication. It helps teams to collaborate and track progress through real-time reporting on analytics. The most effective due diligence software for M&A provides a virtual data room as well as sharing and management of documents, AI-enhanced redaction, an integrated Q&A tool and much more.

Nexis Diligence

Nexis is an M&A due diligence platform that provides information on more than 200 million individuals and organizations, as well as a variety of legal tools, including risk mitigation guides. The discover here software uses predictive modelling to anticipate the potential obstacles and offers suggestions for speeding the process. It also includes an AI-enhanced feature for redaction which makes it easy to scan and review documents.

ShareVault is cloud-based due diligence software that allows users to save and access documents in a secure manner 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. Customer service is available by phone, email, and an information base.