In the past, M&A due diligence meant lawyers sifting through piles of papers to evaluate the operation of a buyer. Modern tools allow lawyers and other dealmakers the ability to analyze their findings intelligent interactive multimedia systems with speed and efficiency previously unattainable.
Tech Due Diligence
In an age of GDPR regulations and cybersecurity risks, performing tech due diligence is essential to the overall health of a business. A thorough due diligence process for tech involves evaluating a software firm’s security and ensuring that they are compliant. It also involves analyzing potential of the intellectual property portfolio of the company and finding any possible violations.
In the course of an acquisition, it’s vital to understand the financial structure of the company and ensure that all parties agree on expectations. A thorough due diligence exercise can reveal concerns like overstated net operating losses, not reported tax liabilities, non-filing exposures payroll taxes, sales and use taxes and property taxes.
During the due diligence process, it’s essential to have a plan to collect and share all necessary information. A set of playbooks, that can be used throughout the process by teams helps keep everyone on the right track and ensures consistency. Loopio’s team workspaces and collaboration features help teams stay focused on their work and not get distracted by other tasks.
