M&A diligence used to be an approach where lawyers would go through piles of papers in order to assess the operation and performance of the seller. While there’s still a lot of work to be done in the diligence process, modern technology allows lawyers and other dealmakers to conduct their analyses at speed and efficiency levels that were unattainable until the present.

Tech Due Diligence

In the current climate of cybersecurity threats and GDPR regulations, executing due diligence on technology is vital for the health of a company. A proper due diligence process for tech involves assessing a software company’s security and making sure they are in compliance with GDPR. It also examines the quality and scope of the company’s portfolio of intellectual property, and identifying any possible issues.

In the course of an acquisition it is essential to know the financial structure of a company and ensure that all parties are in agreement on expectations. A thorough due diligence procedure can uncover issues like overstated net operating losses, not reported tax liabilities, non-filing of exposures, payroll taxes sales and use taxes, and property taxes.

During the due diligence process, it’s essential to establish a clear strategy for collecting and sharing all the necessary information. A set of playbooks, that can be utilized throughout the process by teams assists in keeping everyone on the right path and ensures consistency. Loopio’s collaboration and workspaces for teams features help teams concentrate on their jobs and prevent them from getting distracted by other tasks.

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