Devensoft Press Release
Devensoft launches new due diligence module -
Aims to mitigate due diligence risk, automate requests
CHANTILLY, VA — August 15, 2019 — Devensoft, a pioneer and leader in mergers and acquisitions (M&A) software-as-a-service management software, today announced it has added a new collaborative Due Diligence module to its robust suite of M&A software.
Designed to specifically help legal and compliance teams during critical business deals, the new module will help teams eliminate inefficiencies in the due diligence process by organizing all target documents, request items and status updates in one place and allowing for real-time responses to questions and requests.
The tool allows users to fully customize its list of due diligence request items or to use Devensoft’s pre-built Due Diligence checklist to ensure they receive the information needed for smooth negotiation and integration processes.
“Proper due diligence is the cornerstone of every financial transaction, and when hundreds of documents and requests are going back and forth between multiple stakeholders, it is easy for critical requests and information hand-offs to be overlooked,” said Nick Perdikis, CEO of Devensoft. “The key to the success of the deal itself, and the ultimate integration of two organizations, relies on organized information and financial and cultural synergy with all potential targets.”
This module streamlines the due diligence process by keeping users on track and meeting them where they are, automatically reminding users as deadlines approach. As documents and requests are added and critical milestones are met, the module automatically updates each status and notifies stakeholders for continual prioritization.
The system delivers complete project management capability by allowing for tasks to be assigned to the appropriate stakeholder, such as human resources, legal, IT, procurement and more. It also saves users time by taking care of repetitive administrative tasks and eliminating lengthy communication wait times.
Devensoft’s complete suite of M&A software provides you everything you need to keep your complete pipeline of deals and integrations on track in one holistic view. To learn more about the company’s Due Diligence, Deal Tracking, Integration Management, Synergy Tracking, Reports & Analytics, Document Management, and Legal Workflow modules, visit https://www.devensoft.com/products/.
Devensoft is a SaaS company that helps businesses run more effective mergers & acquisitions (M&A) programs so they can close deals faster and integrate in less time. Devensoft software simplifies and streamlines M&A deal management and post-merger integration using legal workflows, collaboration, document management, reporting, project management and financial tracking. To schedule a demonstration, visit our website at www.devensoft.com