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Due Diligence Software Systems for M&A

Due diligence is a vital element of any M&A or investment transaction. Using the right due diligence software tools will streamline the process and ensure that all relevant information is identified for review.

A proper due diligence process can minimize the risk involved in buying third-party vendors. The right software can streamline the process of assessing the security, compliance, and governance capabilities of the third-party. This will result in a more efficient, effective, and cost-effective diligence process.

One of the most popular due diligence solutions for M&A is a cloud-based software platform called Kira. Kira is a due diligence software that uses artificial intelligence to identify and extract information from contracts. It includes more than 1,000 provision models built-in to include the most frequently examined provisions. It also offers an option that allows users to program the system to incorporate additional or unique clauses.

CENTRL DD360 is another popular due diligence solution. It provides one platform that automates the entire process of due diligence. Its single dashboards and in-depth analytics as well as tools for reporting, allow users to focus on risk analysis instead of navigating multiple point solutions.

Whistic is another due diligence tool that provides a number of features to make vetting vendors easier. Its dashboard for vendors provides an intuitive view of all of a company’s potential vendors, and its automated scheduling of questionnaires and templates help cut the amount of time that is spent on sending out questionnaires and waiting for responses. Machine learning algorithms can even fill in questionnaires with greater than 90% accuracy, further expediting the vetting process.

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