Due diligence is a crucial aspect of any fundraising procedure. It ensures that a company or person is who they claim they are, and provides vital details regarding their past and relationships, and also helps investors assess your company’s prospects for success before making a decision to invest in you.
If you’re a firm seeking funding or looking to team with a charitable organization having the ability to conduct thorough and transparent due diligence is the key to your success. The ability to run due diligence Deal Flow Management early in the process lets you to quickly recognize and eliminate partners that are not good before you invest your time and energy in forming a relationship that may not be worth it.
If a donor’s past has been marred by controversial relationships or actions or actions, this could be a deciding factor. Being able to conduct due diligence on prospective donors earlier in the process lets you know prior to committing valuable resources to a partnership that may not be in line with your organization’s values and goals.
A good due diligence process is quick, thorough and well-organized. It should be able to gather large amounts of public data from various sources–such as news media websites social networks, websites, and even grey literature–and deliver digestible reports that are easy to share across teams. It should also be able to automatically search millions of documents, and present a clear, organized view of your organization that is easy to understand and share.