Legal due diligence is a complex topic however KYCP can help in making the entire process more efficient and reliable.
One of the main aspects of legal due diligence is the Knowing Your Business (KYB). Part of KYB is the process of conducting legal due diligence on target companies for purchase negotiations. This includes the valuing of target companies with the recording and monitoring of specific documentation such as company's cash flows and balance sheet, organisational documents and important contracts, lawsuits, insurance policies and many more. Separate from this however the process also requires the inputting and signing of specific mandated documents by the clients.
KYCP has a very important feature that allows the organisation to set pre mandated document types to each entity, together with the setting of templates for the clients to start off with. The solution also allows you to send an encrypted link to the client directly so that the documents can be uploaded directly.