Due diligence software is used by businesses to perform an assessment of a party’s business practices, including their IT infrastructure. These tests can help companies spot any problems prior to a contract being completed, as they minimize risks and ensure compliance.

It isn’t easy to conduct these checks without the proper technology and tools. Due diligence software was designed to make the process easier.

Due diligence software helps firms to simplify their M&A due diligence processes by providing tools to manage information, automating workflows, and facilitating communication. Real-time analytics reports help teams and individuals to collaborate to monitor progress and track results. The best due diligence software for M&A provides a virtual information room with document management and sharing features, AI-enhanced redaction, an integrated Q&A tool, and much more.

Nexis Diligence

Nexis is an online platform for M&A due diligence that offers data over 200 million individuals, companies and legal tools like risk mitigation guides. The software makes use of predictive modeling to anticipate possible obstacles, and offers suggestions for speeding the process. It also includes a robust AI-enhanced redaction feature that allows users to easily look over and analyze documents for breaches in confidentiality.

ShareVault is cloud-based due diligence tool that allows users to store and view documents securely and add participants, sign electronically and communicate with them. Drag and drop uploading, inter-document hyperlinking and other features make it simple for users to move documents around. The customer service is accessible via phone, email, and an information base.

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