Due Diligence: How to Win Over Investors

Due Diligence: How to Win Over Investors

Congratulations! You have caught the eye of potential investors, and you are one step closer to turning your dreams into reality. However, as you proceed with due diligence, you may face hurdles like investors demanding detailed information that seems impossible to track manually. 

Don't lose hope! In this blog, we'll show you how to breeze through this challenge and impress investors using software tools to ease the process.

1. Identify the Key Areas and checklist you need to track- These can be across different functions or departments: - Finance, accounting, Company Secretarial, Technology, Operations, and Human Resources.
2. Create a Person Responsible for Each task-What gets tracked gets done. To do that, you will need a Point of Contact or a Person Responsible for each task.
3. Define the Frequency of reviewing each task - whether it’s Daily, monthly, Quarterly, or annually.
4. Define the data points and documents for each task - you could be looking at filings, Renewals, Challans, Payment Receipts, and Acknowledgement from External Websites. Fields like Person filing, Amount paid, and Filing Authority are relevant.

Once you have cracked all the above, it's time to use a Software tool to set up and automate the tracking of all the tasks! Using software to track the Checklists gives confidence to potential investors regarding the structure approach you have as a Founder to Corporate Governance in your company.

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