Not too long ago, M&A due diligence meant lawyers having to sift through piles of paper to assess the activities of a seller. Modern technology gives lawyers and other dealmakers the ability to carry out their analyses at a speed and efficiency previously unattainable.
Tech Due Diligence
In this day and age of cybersecurity and GDPR regulations, performing tech due diligence is vital for the health of a company. A proper tech due diligence process involves evaluating a software business’s security and making sure they are in compliance with GDPR. It also involves analyzing the quality and scope of the company’s portfolio of intellectual property, and identifying any potential issues.
In the course of an acquisition it is crucial to comprehend the financial structure of the company and make sure that all parties are on the same page on expectations. A thorough due diligence process can reveal issues such as overstated net operating losses, unreported tax liabilities, non-filing of exposures, taxes on payroll sales and use taxes and property taxes.
During the due-diligence procedure, it is important to have a plan in place for gathering and sharing all relevant information. A set of playbooks, which can be utilized throughout the process by teams helps keep everyone on the right path and ensures consistency. Loopio’s collaborative workspace and team workspace features are perfect to accomplish this goal, allowing teams stay focused on their responsibilities www.sqsapps.com/which-board-portals-provide-actual-value-to-the-board-of-directors and avoid being distracted by other tasks.
