Toronto, Ontario (PRWEB) July 16, 2014
In a recent report by Deloitte, which surveyed 2,500 executives from US companies and private equity firms, 55 percent of corporations and 51 percent of PE firms cited insufficient due diligence as a source of risk when pursuing a deal.
As leading virtual data room provider, Firmex is committed to improving the due diligence process. Working with over 55,000 companies in 197 countries, Firmex helped manage over 10,000 deals in 2013. With an advanced workflow, detailed reporting features, and expert deal support, Firmex offers dealmakers a more streamlined approach to conducting due diligence, taking some of the stress out of an otherwise very hectic process.
To further support dealmakers with due diligence, Firmex has launched a new due diligence resource site, aimed at providing comprehensive information and best practices for performing due diligence. Resources include a wide range of informative articles, infographics, and webinars developed by industry experts, along with downloadable due diligence checklists, to help dealmakers get started with their own due diligence projects.
Firmex’s new due diligence resources site is now available for all deal makers to access, and is the first of many initiatives to be announced over the summer aimed at improving awareness, education and best practices around the due diligence process.