Due diligence

M&A Due Diligence Software

Run diligence as a managed process rather than an email thread. Build the request list from a template, send it to the counterparty, collect the responses against the items they answer, chase what is outstanding automatically, link every finding to its evidence, and watch the red flags surface as the documents come in.

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  • £399/month
  • Unlimited users and deals
  • TrueValue Agent included
  • No credit card required

What due diligence software does

M&A due diligence software organises the investigation a buyer carries out before completing an acquisition: what has been asked for, what has been received, what it shows, who is reviewing it and what has been found. It replaces the request-list spreadsheet, the shared inbox and the status call that most teams otherwise run diligence through.

Diligence fails in predictable ways. A request is sent and never chased; an answer arrives as an attachment to a reply to a reply and is not filed against the question; a finding is noted in a call and not written down; the state of the process is reconstructed by hand before every update. None of this is a failure of judgement. It is a failure of record-keeping under time pressure, which is what software is for.

How diligence runs in TrueValue

  1. Step 1

    Build the list

    Start from a template for a share purchase, an asset purchase or a management buy-out, organised by category — financial, legal, commercial, operational, people, tax — and edit it for the deal. The findings from a CIM analysis become items automatically when the deal is promoted.

  2. Step 2

    Send it

    The counterparty receives an email with a tokenised link to a page where they upload documents and reply to each item, with no account to create. The team is notified as responses land.

  3. Step 3

    Chase it

    Outstanding items are chased automatically every five days, up to three reminders, and by hand whenever you like. Human and automatic chasing share the same counters, so nobody is double-chased.

  4. Step 4

    Review and record

    Responses arrive against the item they answer with status pending review. Reviewers link evidence, record findings, raise red flags with a severity, and complete the item — only with evidence linked, if the workspace requires it.

What the module covers

  • Received documents

    Every deal has a received-documents room. Accounts dropped into it are read into financial figures — income statement, balance sheet, cash flow, working capital — and linked to the diligence items they evidence.

    M&A valuation software

  • Red flags

    Findings with a category, a severity and a link to the evidence, raised by a reviewer or surfaced by the Agent from what comes back. They carry into the IC memo and the valuation's quality-of-earnings adjustments.

  • Missing information

    The IC memo's fact pack states what the record does not hold, and any gap that a document could close becomes a request-list item in one click — never sent twice, never sent for something already outstanding.

  • Progress and ownership

    Items have owners, due dates and status; the deal shows completion by category; the request list shows what has been answered, what is overdue and what has been chased.

  • Seller-side diligence

    In adviser mode, run vendor diligence on your own mandate, collect what buyers will ask for before they ask, and publish the pack to the data room.

    M&A data rooms

  • Invalidation triggers

    Write down the conditions that would make you walk away — a critical red flag, an IRR below your floor, a price above your ceiling — as named conditions on the deal. They are evaluated against the record as it fills, and a breach fires a finding rather than being noticed in hindsight.

The Agent in diligence

The TrueValue Agent runs the list so the team does not have to: it chases what is outstanding on the cadence you set, files each response against its item, reads what comes back for red flags and surfaces them with the evidence, and drafts the follow-up question when an answer raises one. It completes an item only with evidence linked, it never sends a request without a click from you, and everything it does leaves a receipt you can undo.

A finding the Agent raises is held to the same rule as everything else it writes: the figure has to be in the document it read. A customer-concentration flag names the contract schedule it was read from; a working-capital flag names the period and the accounts.

Built for the counterparty too

The person answering the request list is usually a seller, a finance director or a broker with no interest in learning a new tool. They get an email, a link and a page: each request, a box to reply, a place to upload. No account, no password, no download of an app. Responses are served to your team by signed link, uploads live in your workspace's private storage, and the guest side is rate-limited and generic in its refusals, because it is exposed to the public internet by design.

Frequently asked questions

Does the seller need an account to respond?

No. They receive a tokenised link by email and reply and upload on a page with no sign-in. Their responses land against the items they answer and your team is notified.

How does automatic chasing work?

A daily job checks each outstanding item and emails the counterparty every five days, up to three reminders in total. A manual chase from the deal shares the same counters, so a person and the schedule cannot double-chase inside one window.

Are there checklist templates?

Yes: share purchase, asset purchase and management buy-out templates organised by workstream, editable per deal. The due diligence checklist on this site is the same structure as a free reference.

How is evidence linked to findings?

Each item can hold links to documents in the received-documents room or the data room. A workspace can require evidence before an item is marked complete, and the Agent is held to that rule whatever the policy.

Can it read the documents that come back?

Accounts are read into financial statements automatically. Other documents are stored against the item; the Agent reads responses for red flags and names the document a flag was read from.

Does it work for sell-side vendor diligence?

Yes. In adviser mode the same module runs vendor diligence on your mandate, and the pack publishes to the data room buyers see.

Guides and tools on due diligence

Send your first request list

Build a checklist from a template, send it to a counterparty and watch the responses file themselves.

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