DD-Ready – Frequently Asked Questions

If you have a specific question about DD-Ready, the fastest way to get answers is to contact DD-Ready™ support.

What’s DD-Ready about?

Due diligence is a process undertaken by investors, bankers and funds prior to making their investment decision into a potential target company. This may be a startup, growth or fully operational mature company (fundraiser). Due diligence comprises of elements such as financial due diligence (FDD) and legal due diligence (LDD). The aim is to ensure that the fundraiser fulfills and is able to deliver on the promises it has made to its potential partners. The due diligence process requires all documents to be in place. The lack thereof is seen by investors and funds as the primary bottleneck in deal management, often causing deals to fail.

The world moves too fast for investment rounds that last six months. Being DD-Ready™ ensures that potential investors have all the required information at their fingertips, enabling them to make their investment decision quickly. Our system means that you can move from initial discussions to term sheet, to due diligence and financial close in days – not weeks.

Your data is safe with us. With end-to-end file encryption stored on some of the most secure servers in the world, your files are stored in a safe environment. When sharing files using our 1-click VDR™ (virtual data room) solution you will know who is viewing which of your files. You always have complete control over providing or revoking access.

An Information Request is a request for documentation that an investor sends to a company looking to raise funding. The aim is to proceed to a due diligence process before making an investment decision. The request can be tailored to the investor’s needs. Approving the request only means that you intend to provide the documentation requested by the Information Request. Note that DD-Ready and Information Request process can be used other data collection processes as well.

Being DD-Ready™ means that the fundraiser has gathered all the generally required documents for due diligence, and is ready for due diligence examination. DD-Ready helps the fundraiser keep the documentation up to date and remain DD-Ready™ at all times.

VDR is a virtual environment for secure reviewing and commenting audit and/or due corporate governance documents. Formerly, M&A processes would include of potential buyers and their advisors visiting a physical room in person to review fundraisers critical documentation in order to ensure that critical documentation, including trade secrets, would not be acquired or disseminated to the detriment of the target company. A virtual data room (VDR) is a virtual space where all the fundraising company’s data is hosted securely online, making the M&A process much more streamlined, secure and cost-effective.

An account and user profile can be created from sign up link. Make sure that you have the authority to create the profile for the company. The person, who creates a profile for the company, will become the first administrator. Users are added to company profile by using invitations. The invitations are sent from the company profile settings by the administrator. In case you need help with signing up, please contact us support@dd-ready.com

DD-Ready is compliant to the directive, to the extent that DD-Ready acts as a data controller. When it comes to customer data stored, the customer is the data controller and we only process the data for the provision of the service. As the cloud platform provider, we use some of the world’s most secure servers from Google Cloud Platform with global network of regions. Google Cloud Platform fulfills data security requirements of most demanding clients. For further information, please contact support@dd-ready.com

No need for that! DD-Ready™ is a Saas service.

Find the Terms of Use from here Terms of use

If you want to have your data delivered to you, please let us know. Security is very important to us and we want to be sure that no one else is trying to access your data. After receiving your request we will ensure that you really want to have your files delivered to you and that they will be delivered to the correct person.

You can stop using the system anytime. To stop using the DD-Ready system, please contact us. Find the Terms of Use from here (link to terms of use)

The Dasboard is a overview for an investor or a reviewer. From the Dashboard gives you an overview on general progress of each of your target/portfolio company. You can sort and arrange the view to match your information needs.

First we advice you to see our Frequently Asked Questions. If you do not find an answer to your question, need more spesific answer – or wish to talk to people instead of finding an answer by yourself, please contact your Customer Care Manager. If you don’t have one (or don’t know if you have one), send us an email to support@dd-ready.com and help is on the way!

Your Company Administrator can set the User Roles and System Roles of your company. The define, who has the access to the company data. All communication between you and the service is end-to-end encrypted.

“Approving the request only means that you intend to comply with providing the data requested the Information Request. After approval, you will register in the DD-Ready™ system and start uploading corporate governance documentation needed to carry out a due diligence examination with your potential investor.

The Investor/reviewer has no visibility to your company, until you are connected.

If your company has uploaded targeted marketing materials (such as a one-pager or pitch deck) to the Company profile, they are visible to the Investor that you have connected with. But he does not have a view on your company documentation.

Fundseeker

Corporate governance is often overlooked in early stage and growth companies. Businesses focus on getting the product, service or concept on the market, but they miss out the crucial elements of corporate governance. DD-Ready™ intuitively reminds you which documents are out of date, what may be missing and when they are needed. This ensures you have full control and visibility over the central elements of your corporate documentation.

No. You decide which service provider is used in due diligence. However, DD-Ready’s partners offer high-quality services for due diligence. Asset Verification Protocol is DD-Ready’s due diligence examination service. It’s provided in collaboration with our high-quality service provider partners.

An Information Request is a request for documentation that an investor sends to a company looking to raise funding. The aim is to proceed to a due diligence process before making an investment decision. The request can be tailored to the investor’s needs. Approving the request only means that you intend to provide the documentation requested by the Information Request. Note that DD-Ready and Information Request process can be used other data collection processes as well.

Investor

DD-Ready has been developed by angel investors and lawyers who have been struggling with fundraisers that do not have up-to-date corporate documentation. The fundraisers may have a great concept and a quality team, but they are not investment ready. This wastes investors’ time and resources. DD-Ready’s Information Request lists are tailored to support fundraisers and customizable to meet the needs of specific funds or banks. In the DD-Ready system, a customized Dashboard gives the investor an overview of all the fundraisers’ progress. The investor is able to manage investment deal flow, as well as follow and communicate with applicable portfolio companies.

An Information Request is a request for documentation that an investor sends to a company looking to raise funding. The aim is to proceed to a due diligence process before making an investment decision. The request can be tailored to the investor’s needs. Approving the request only means that you intend to provide the documentation requested by the Information Request. Note that DD-Ready and Information Request process can be used other data collection processes as well.

Partnerships

DD-Ready™ partners with cutting-edge M&A experts, such as law firms, financial administration service providers and experts, who want to give their customers safe, efficient and reliable services, and effective consultation related to due diligence. The level of DD-Ready™ Partnerships may vary, from simply using the DD-Ready system for streamlined due diligence services, to more extensive collaboration.

Funding platforms

There’s a revolution taking place in the financial sector. Equity crowdfunding platforms, peer-to-peer lending and crypto funding platforms are transforming the marketplace. But these platforms need to ensure their business continuity. Whether it uses fiat or cryptocurrency, a platform is only as valuable as its assets. Just one malicious or fraudulent asset will place the whole platform in jeopardy. This is why we developed Asset Verification Protocol. The ASSET VERIFIED certification process enables funding platforms to become self-regulated. It protects their investors – as well as the founders and operators of the platform itself. By becoming a self-regulated marketplace, equity crowdfunding platforms and cryptocurrencies can show that they carry out due diligence of the assets as a prerequisite to publishing them on the platform. This protects the platform’s brand, its directors and its offering by carrying out due diligence on the assets it presents.

Asset Verification Protocol (AVP) is a compact quality assurance procedure for the most central corporate governance documentation. Successful procedures are given the ASSET VERIFIED stamp. The ASSET VERIFIED stamp signifies that a third party has validated certain defined elements of the fundraiser. This ensures that a company is legitimate. The AVP service provides continual maintenance of a company’s records, and examines any records, complaints or violations made against a company under public record.

Asset Verification Protocol (AVP) is a compact quality assurance procedure for the most critical corporate governance documentation. Successful procedures are given the ASSET VERIFIED stamp.DD-Ready™ status means that a company has collected the documentation required for a due diligence examination. DD-Ready™ does not evaluate the quality of the content of the documentation. In most cases, the documentation required to gain the ASSET VERIFIED stamp is also included in the DD-Ready™ documentation, but DD-Readyness requires more extensive documentation. This means that a fundraiser can gain the ASSET VERIFIED stamp and then proceed towards DD-Ready™ status. When a company achieves both the ASSET VERIFIED stamp and DD-Ready™ status, it means that the company has collected the documentation required for a streamlined due diligence process – and that the constitutive part of the documentation has already been reviewed.

Asset Verification Protocol is a compact quality verification process for the most critical corporate governance documentation, whereas the DD-Ready™ status means that company has collected the documentation required for a due diligence examination. DD-Ready™ does not evaluate the quality of the content of the documentation. In most cases, documentation required for the ASSET VERIFIED status is also included in the DD-Ready™ documentation, but being DD-Ready requires more extensive documentation. This means that a fundraiser can undergo Asset Verification Protocol and then proceed towards DD-Ready™ status. Once a company achieves both ASSET VERIFIED and DD-Ready™ status, it means that the company has collected the documentation required for due diligence process – and the constitutive part of the documentation has already been reviewed and certified by a third party.

Investors, funds, VC’s

DD-Ready allows investors, funds, VC’s and due diligence service providers (such as law firms) to save valuable
time and make better
investment decisions by
accessing exactly the
information they want,
in a standardized format.

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Fundseeker

DD-Ready guides the growth company through a process of becoming ready for due diligence and remaining
so at all times – and speeds
up their funding rounds and
increases their
credibility.

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What makes DD-Ready special?

  • Dynamic Information Request – use industry templates or customize you own
  • Standarzation & automation
  • Transparency and flexibility
  • Continuity of DD-Readiness
  • Easy-to-Use
  • Efficiency
  • GDPR compliant
  • Collaborative environment
  • Plug-in solution
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