The Due Diligence Module puts everything in one place for your licensing and your M&A teams to manage the deal flow and coordinate due diligence activities to progress the most promising opportunities into deals.
This includes the following features:
"Good deal makers just make sure things are done well and on time."
Contact Management
Get a complete 360° view of your current and past relationships such as contact details, company profile, documents, emails and relationship history, all within a central location. Understand all the touch points within your organization for every contact of your corporate contact book.
Reports and Analytics
Get all that is required to monitor the evolution of your transactions and make decisions. Use report templates, global template views or personal favorite template views. Reports can be of different kinds and be generated in different formats.
Pre-configured Deal Profiles
Different deal profiles include pre-configured deal type forms and embed the business nature and process logic of the specific transaction project profile. Pre-configured deal profiles include:
- In-licensing deals,
- Out-licensing deals
- M&A and divestiture deals.
In addition to the forms used for data entry, the workspace is populated with specific tools reflect the unique nature of a transaction. For instance the M&A workspace contains a section for bank proposals, or the out-licensing workspace contains a roll-up of all currently active discussions with potential out-licensing partners.
Process Management
Use available process capabilities. For instance:
- Assign a project to a new project manager.
- Progress a closed deal, into Inova Software’s Alliance Management Module where they will be managed by your alliances management teams.
- Archive a transaction that has been turned down
Workflow and Form Configuration
Configure the standard forms and workflows even further and use cross fields validation and conditional field value rules to reflect proprietary practices
Expert Reviews and Surveys
Harness the collective wisdom of your cross functional teams of experts to evaluate deals and contribute to your due diligence process. Notify and send reminders to stay on top of the review process. Use the survey summary dashboard to base Go / No Go decisions.
Content Library
All confidentiality agreements, expert review reports, presentations, investment bank proposals, right at your fingertips. The document manager features document versioning, check-in check-out and access control at document level.
Secure Deal Project Workspace
Collaborate in a shared workspace that contains the complete tool set your licensing or M&A teams require to collaboratively evaluate in depth the most promising opportunities, perform due-diligence and close deals. The access to a workspace can be restricted only to team members if confidentiality is required. This includes:
- Collaborative project management features such as alerts, notifications, timelines, watch it, etc…
- Tasks and milestones,
- Shared links
The module is fully integrated with your company Email. Push information from your inbox into the Due Diligence Module.
A global pharmaceutical company with many BD teams in diverse functional departments was faced with the challenge of streamlining its licensing deal process and increasing its deal flow. Due to the historical evolution of many diverse Business Development teams, their deal information was contained in more than 20 different databases.
SolutionsUsing the configurability of the Business Development suite, this company was able to create a unified system that met the needs of all their BD teams. Using Inova’s professional services, they were able to migrate these 20 different databases into one common repository, which gave them visibility into all deals across the organization, preventing duplication of efforts and potential conflicts. Management was able to accurately track its deal flow and make strategic decisions more effectively.
Outcome:BD professionals from every department now have access to one single “source of truth”, and management is now able to quickly report on the status of deals by business unit, or for the entire company. More effective decision-making is now achieved by having a common set of deal metrics and reporting. These gains in efficiency have allowed this company to close better deals faster and become a more desirable partner to work with.
DEALS
A transaction or deal is a contract that is a legally enforceable agreement between two or more parties with mutual obligations. The most frequent types of transactions resulting from business development activities include: licensing, mergers and acquisitions, asset purchase and divestitures, co-development, and joint-ventures. Transactions undergo a thorough screening process called due-diligence. Due-diligence reviews the legal, financial, intellectual property, scientific, manufacturing feasibility and marketing aspects of the opportunity under evaluation. The closing of a transaction is the entry point in the alliance management stage of the partnering life cycle.
