Due diligence platforms provide an array of tools to manage data, share documents and other information throughout the M&A process. They provide advanced analytics and automation to speed up the process. These tools also decrease the chance of making mistakes and miscalculations when making critical decisions. Some tools can even identify potential risks and opportunities hidden in large data sets.
The top due diligence software solutions have features like customized workflows and questionnaires, enabling teams to gather relevant information in a systematic fashion and ensure consistent coverage. They also feature security features for documents, like redaction, dynamic watermarks, and fence view which safeguard sensitive information from unauthorized access or leakage. Other features, such as activity logs and detailed audit trails make it easy to find any potential issues.
Automated due diligence software also enables companies to stay on top of the ever-changing digital landscape. Human teams, in contrast, are often slower to grasp the areas where their methods and processes need to be modified. Those who use an automated system will be more competitive in the long term.
Xapien’s Intelligent Automated Due Diligence (IADD) solution combines structured data (databases, etc.) with unstructured data from news websites blogs, corporate sites and other websites. It checks the information against the database and identifies any false positives. It can then flag up the potential risks and anomalies in an agreement, and help managers determine the pros and cons of a deal.
