Due diligence is an essential element of any fundraising effort. Due diligence validates a person’s or business’s identity and provides information about their past and connections and permits investors to assess your business prior to investing in your company.

You can be successful by conducting thorough due diligence, whether you are a company seeking investment or a philanthropic organisation. Due diligence can be performed at an early stage to eliminate and identify bad partners.

For instance when a donor is associated with controversial issues or has done something illegal in the past, this might be a deciding factor. Having the ability to conduct due diligence on potential donors in the early stages of the process allows you to know prior to committing valuable resources to a partnership that might not align with your company’s values or goals.

A great due diligence is thorough, quick, and organized. It should be able take in large quantities of public data, such as news media websites or social networks, or even the grey literature and provide digestible reports which can be shared easily across teams. It should be able to scour through millions of documents to give an organized and clear view of your business that is easy to understand and to share.

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