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Due diligence is conducted by a business prior to investing in a business. This involves examining the documents of the company and examining references, as well as looking for hidden information. Due diligence software helps firms manage the process. With it, they can document and centralize procedures like assessments, financial diligence, environmental, social and corporate governance (ESG) diligence, and many more.

If you are conducting a tech due-diligence, the person doing it will require all of your product documentation. This includes architectural diagrams, tech solutions and integrations backup and recovery servers, as well as frameworks for processes that were used to develop the product. Having all of this documented can help to speed up the process and decrease the risk associated with a possible deal.

Another typical due diligence procedure is a tax exam, in which the acquirer analyzes the tax profile of the company they are buying. This can reveal tax liabilities such as excessively reported losses, underreported expenses and tax-related exposures for sales and use. Additionally, it could determine tax credits that aren’t reported or tax deductions.

One of the most effective tools for due diligence is a virtual data room that provides a secure space for sharing and storing files. It should be able to work with formats for files like PDF, Word, Excel and many more. It should also have an intuitive search and browse feature, file sharing features and collaboration tools. Additionally it should allow easy uploads via drag and drop, various levels of security, and a built-in viewer. It should work with all major mobile devices and browsers. A good choice is SS&C Intralinks, which offers an intuitive user interface as well as powerful collaboration tools. It has a trial version that gives users up to 10GB of storage and 250MB of upload limits and is compatible with Android and iOS devices. It also has security features like AES 256-bit encryption as well as ISO 27701 certification.