Due diligence is carried out by a firm before investing in a company. This entails reviewing the company’s documents in addition to checking references and searching for any hidden information. Due diligence software can help companies manage the process. It helps them centralize and document processes like assessments, financial diligence and environmental social, corporate and governance (ESG).

For example, if you are conducting a tech due diligence, the person executing it will need all of your product documentation including architectural diagrams integrations and tech solutions, backup and recovery, servers and the process frameworks used to create the product. This documentation can aid in the speed of the process and decrease the risk of potential deals.

A tax examination is another regular due diligence process in which the buyer analyzes the tax profile of the targeted company. It can reveal tax liabilities, including overstated net operating loss and tax expenditures that are not reported and exposures to sales and use tax. It may also uncover tax deductions and credits.

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