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Due diligence is carried out by a company prior to investing in a business. This involves reviewing the company’s documents, confirming references, and scouring for hidden information. Due diligence software assists companies manage the process. Using it, they can document and centralize procedures like assessments, environmental, financial, social and corporate governance (ESG) diligence and other.

If you are conducting a tech due-diligence, the person doing it will need your entire product documentation. This includes architectural diagrams, technical solutions and integrations, backup and recovery servers, as well as frameworks for processes that were utilized to develop the product. This documentation can assist in speeding the process, and also reduce the risks associated with possible deals.

Another common due diligence process is a tax examination, which is where the buyer reviews the tax profile of the company that is being targeted. It could reveal tax liabilities such as excessively reported losses, underreported expenses, and sales-and-use tax exposures. It also can uncover tax deductions and credits.

A virtual data room is among the best tools you can use to ensure due diligence. It can serve as a secure location to store your files and share them with others. It should accommodate a variety of file formats, including PDF, Word, Excel and many more. It should also have a search and browse feature along with collaboration tools and file sharing. It should also support drag-and-drop uploads and multiple security levels and a built in viewer. It should support all major mobile devices and browsers. SS&C Intralinks is a good choice as it offers an effective collaboration tool as well as an intuitive user interface. It has a trial version with up to 10GB storage and a 250MB upload limit. It works with Android or iOS devices. It also offers security features like AES 256-bit encryption and ISO 27701 certification.

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