Due diligence software built around acquisition evidence
Due diligence software helps buyers organize evidence, investigate questions and explain the risks behind an acquisition decision. Acquisitions combines a permissioned data room with AI review of financials and contracts and an exportable red flag report. Give your team a clear place to review what the seller provides and identify what still needs professional attention.
Document collection and review are different jobs
A completed request list does not necessarily mean the review is complete. A seller can upload a customer schedule that does not reconcile to the accounts, a contract without its amendments or a forecast that assumes a renewal nobody has confirmed. The team needs to assess what the material establishes and where uncertainty remains.
Email and shared folders can hold the files, but a repeatable review also requires a structure for questions, access and findings. Begin with the assumptions behind the acquisition. Define the documents that support them and the reviewers who assess the answers. Software helps organize that process; your team and advisors still determine whether the evidence is sufficient to proceed.
Organize records by the work they support
Acquisitions gives each transaction a data room with folders and permissions. Start with financial, legal, commercial, tax, HR and IT categories, then adapt them to the business. Separate executed documents from drafts and historical records from forecasts. Identify the entity and period so a reviewer can understand what a file actually covers.
Use the virtual data room guide to plan the structure and the M&A due diligence guide to define the review scope. Ask the seller to explain missing records. A blank folder is a gap in the evidence, rather than confirmation that no liability or obligation exists.
- Request records that support a defined investment assumption.
- Keep related agreements, amendments and schedules together.
- Label the scope and period of financial packages.
- Give sensitive personal information a restricted location.
Make permissions part of the workflow
Permissions per folder let you share material according to the participant's task. A tax specialist may need tax records without access to internal investment notes. A commercial reviewer may need customer terms without employee files. Use expiring links for access that should end with a defined stage of the transaction.
External sellers, lawyers and accountants invited for view and upload only do not need a paid seat. Internal review uses included seats. Team and Fund add watermarking and a view audit log. Use those controls alongside confidentiality arrangements and the participant's own handling obligations. A viewing record helps understand activity, but it does not prove a reviewer accepts the document or agrees with its contents.
Find questions across contracts and financials
AI document review highlights potential red flags for the team to examine. A financial statement can raise a question about unusual expenses or inconsistent reporting periods. A contract can raise a question about assignment, renewal, termination or ongoing obligations. The output is most useful when it leads to a specific follow-up request.
Connect those workstreams. A customer concentration question belongs alongside the terms that govern the customer relationship. A margin assumption belongs alongside the supplier commitment that supports the cost. Read financial due diligence and AI contract review software to see how each type of evidence informs the other. The software flags potential issues; professionals assess their meaning and materiality.
Use questions to close evidence gaps
Team and Fund include a Q&A module and custom due diligence checklists. Ask for the missing schedule or reconciliation rather than a broad assurance that everything is correct. A clearly framed request names the document, the unresolved point and the evidence required. It gives the seller a response they can prepare and the reviewer a response they can assess.
Use the due diligence checklist as a starting point, then tailor requests to your acquisition. The responsible advisor decides whether an answer resolves the issue. A management explanation may provide context while leaving the supporting evidence incomplete. Keep that distinction clear in your team notes and decision materials.
Export the findings your decision makers need
Export a red flag report for the investment team and advisors. Before sharing, read the findings against the documents and explain the review scope. Identify missing records and open questions so the report does not appear more complete than the evidence supports. Combine it with specialist work where the transaction requires that expertise.
A useful report distinguishes the observation, its potential consequence and the action under consideration. A contract restriction may require counsel's review and consent. An unsupported earnings adjustment may require a different acquisition assumption. Software can support that discussion without deciding what the buyer should pay or whether the transaction should close.
Keep the method consistent while adapting the scope
A recurring acquisition program benefits from a consistent starting structure. It makes it easier to notice when a target cannot answer a routine request or when a financial package lacks a necessary period. Consistency does not mean using identical diligence for every business. A regulated operation, an asset purchase and a subscription business create different questions.
Fund includes a portfolio view across deals, while Team and Fund provide custom checklists for review needs. Use a shared method to make conversations clearer, then apply specialist judgment where the target requires it. A room count or completed checklist is an operational measure, rather than evidence that an investment is sound.
Compare capacity and collaboration together
Deal includes an active room, internal seats, storage, analyses and red flag report export. Team adds capacity, Q&A, custom checklists, watermarking and a view audit log. Fund provides expanded capacity, unlimited seats, SSO, a portfolio view and priority support. Pricing lists the exact allowances, monthly charges and annual totals.
Annual billing is the default and costs half the monthly rate when expressed per month, paid as a yearly total. Analyses are counted per billing period. Deleting documents does not return used analyses. Consider expected document review volume alongside active rooms and internal seats. There is no free plan; the one-time demo lets you inspect a report before subscribing.
FAQ
Acquisitions combines storage and controlled disclosure with document review and report export. Team and Fund also include Q&A and custom checklists.
No. AI can miss context and the supplied documents may be incomplete. The report supports your advisors and does not replace their conclusions.
External parties invited for view and upload only do not need a paid seat. Internal analysis and collaboration use your plan's included seats.
See whether the output fits your review method
Analyze a document and inspect the demo report before setting up your acquisition workspace.