The word “due-diligence” can mean many different things to different people. Even though the term originated in the business world, the word is used for every situation where a process of verifying the accuracy of a statement is concerned. In compliance, due diligence describes the degree of effort required by law or industry standard. In civil law, due diligence is synonymous with "reasonable care." In legal due diligence, where asset and share purchase transactions are involved, the purpose is to identify and handle potential liabilities in a target company that will require attention prior to closing.
Equally important to the due diligence process is the planning, organization and the analysis of the due-diligence findings. Getting the reports into one central location is preferable in terms of logistics, speeding up the process will close the transaction on time, and summarizing reports will make it meaningful to your client. How can our new due-diligence solution help you meet your needs for managing risk, speed and accuracy, and organizational effectiveness?
Eliminate risk by starting your search off by using our nationwide name lookup feature with smart search “sorting” capability. This will allow you to thoroughly search for your target company across Canada, revealing the home jurisdiction plus all extra-provincial registrations. It will allow you to search for predecessor information, previous names, amalgamated names and any additional business names used. You results will be sorted in order of relevance; the closest names that match your target company will be shown at the top of the list allowing you to easily identify similar names.
Increase speed and accuracy by ordering multiple searches across multiple jurisdictions at one time with one click. We have offered you shortcuts, added a bulk order and express order workflow, and a copy feature… multiple avenues for you to quickly structure your deal comfortably. Remember, less data entry translates into error reduction and allows you to pass on results quickly to multiple parties.
Organization is achieved automatically when you using our solution. All results are stored in your “orders” section and are organized by order status. A status bar reports completion progress in real time. You reports can be merged into one file. Post-dated searches can be requested with one click and stored in the same “orders” section. Summary of reports can be requested after viewing search results with a simple click. A preferences section will allow you to send results to multiple parties and even assign a “replacement” on your off days.
We hope we have given you everything you wanted and more! If you haven’t given our solution a try yet, you can view a demo by visiting us at: www.carswelllegalsolutions.com/duediligence.
Discover a better way to search!