Why Companies Are Opting for Diligence-as-a-Service (DaaS)

Imagine the Acme Widget Company and one of its rivals, Smith Widgets, deciding to unite forces through a merger. A simple a handshake isn’t enough. Both companies need to do their due diligence before making a formal commitment. In this day and age, they might turn to something known as diligence-as-a-service (DaaS).

Our service-oriented world has managed to turn all sorts of things companies use to do for themselves into viable outsourcing products. Due diligence is but one example. When offered as a service, due diligence is performed by a firm that has the knowledge, skill, and expertise to produce results accurately and efficiently.

Mezy, Inc. is a Springville, Utah Company that offers DaaS along with a proprietary due diligence platform. They say their clients order products and services for a number of reasons. A few of those reasons are discussed in the following paragraphs.

Comprehensive Reports

Due diligence information is only as useful as the reports through which it is disseminated. Your typical DaaS provider offers detailed, comprehensive reports that leave no stone unturned. Said reports offer all the necessary information without any fluff. They get right to the point.

Service providers are able to produce such reports because they are not affected by internal bias. In other words, their job is to collect data, analyze it, and put it into report form. They have no specific interest in the company they are looking into or working for. That allows them to be objective. When due diligence is done in-house, such objectivity is difficult. Bias is usually in play.

Advanced Analytical Skills

Next up are the advanced analytical skills DaaS providers bring to the table. They are the experts in what they do. As such, they are the most qualified to look at the necessary data and analyze it based on the client’s needs. That same kind of analysis is not always available when companies handle their due diligence in-house. Unless a company has an expert on staff, in-house analysis may end up lacking.

Access to Information

Companies like Mezy utilize a plethora of publicly available information. Anyone else can get that same information, but not everyone knows where to find it and how to access it. DaaS providers do. Again, they are the experts at due diligence. They know exactly where to find the information they need for each and every case. They also have the ability to separate useful information from noise.

Greater Efficiency

Perhaps the most important reason companies opt to go with DaaS providers is efficiency. In the business world, there are efficient and inefficient ways to do everything. Just because a company could do its own due diligence in-house does not mean staff would be efficient in doing so. Plenty of time and resources could be wasted as a result.

On the other hand, DaaS providers have to be efficient in order to maintain viable businesses. They cannot afford to waste time or resources. So when companies outsource their due diligence, they get the results they need more quickly and with very little waste.

Due diligence has been around in some form or another since the dawn of business. Only recently has it become something companies can offer based on an outsourcing model. But now that DaaS is a viable service, companies are also finding it valuable.

Whether a company is looking at mergers and acquisitions or just wants to know where it currently stands, due diligence is part of the picture. And now, due diligence can be obtained through a service provider who has what it takes to do the heavy lifting.

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Christophe Rude

Christophe Rude

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