M&A diligence was a process where lawyers would sort through piles of papers to assess the performance and operations of sellers. Modern tools allow lawyers and other dealmakers to conduct their analysis with speed and efficiency previously impossible.
Tech Due Diligence
In the current climate of cybersecurity and GDPR regulations conducting tech due diligence is essential to the overall health of a business. A proper tech due diligence procedure involves evaluating a software company’s security and ensuring that they are in compliance with GDPR. It also involves analyzing the quality and scope of the company’s portfolio of intellectual property, as well as identifying any possible issues.
During the acquisition process it is essential to know a company’s financial https://sqsapps.com/due-diligence-software-with-integrated-document-editing-feature structure and ensure that all parties are on the same page on expectations. A thorough due diligence process can reveal concerns such as overstated net losses, unreported tax liabilities, non-filing risks, taxes on payroll, and sales and use tax.
During the due diligence process, it’s essential to have a clearly defined plan for gathering and sharing all necessary information. A set of playbooks that can be used throughout the process by teams, helps to keep everyone on the right path and ensures that everyone is on the same page. Loopio’s team workspace and collaboration features are ideal to accomplish this goal, allowing teams remain focused on their tasks and avoid getting distracted by other tasks.