- Broker AIchemy brought to you by Tupelo
- Posts
- AI for Business Brokering // Volume 7: Due Diligence
AI for Business Brokering // Volume 7: Due Diligence
An 8-Week Series brought to you by Tupelo
George Wellmer
October 16, 2024
gaining a competitive edge through broker ai tools
AI for Business Brokering: Week 7 – Due Diligence
Welcome to Week 7 of Tupelo's series on how AI is transforming business brokering. This week, we’re diving into due diligence. AI and other technology tools can streamline the analysis process, helping deals close faster.
The biggest reason due diligence gets delayed? Waiting for documents.
While AI can't create the documents you're waiting for, it can keep everyone involved aligned. It can automatically assign tasks, set deadlines, and send reminders. AI can also review large volumes of documents—contracts, leases, permits—and highlight key terms, clauses, and potential red flags.
Goal: Highlight how AI can help business brokers and M&A advisors manage due diligence.
- George, Co-founder and CEO of Tupelo
Check out these nine tools to help you with due diligence:
 | Tupelo is an all-in-one platform built for business brokers. It handles CRM, automates NDAs, manages data rooms, and even uses AI to create CIMs. The data room feature is key—brokers can create document request lists, and Tupelo will automatically follow up… |
 | ChatGPT can process and analyze large amounts of text quickly. Upload legal documents and prompt the AI to review them—it can flag key terms, clauses, and red flags in contracts, leases, or permits. You can also ask it to highlight irregularities, which is helpful for identifying potential negotiation points and… |
 | Kira uses machine learning technology to quickly identify, extract, and analyze key provisions from contracts and other documents For business brokers, this means you can rapidly review large volumes of contracts, leases, and agreements associated with a target company. The software can automatically highlight important clauses, financial terms, and potential risks, allowing brokers to… |
 | LexisNexis provides legal advisors and business brokers with powerful tools for conducting due diligence and managing risk. Brokers can use Lexis+ AI to quickly analyze legal documents, contracts, and agreements, identifying key insights and potential red flags. The platform offers access to litigation history, regulatory issues, company data, and financial reports, helping brokers assess… |
 | iManage is a secure platform for managing documents, emails, and tasks. Its email management feature allows brokers to save, organize, and track all communications within a project, ensuring clear visibility of deal-related exchanges. The full-text search function enables users to quickly find specific content or metadata within documents and emails, aiding in faster information retrieval during due diligence. Additionally, iManage Tracker helps brokers efficiently create, assign… |
 | Lawgeex’s AI reviews and redlines legal documents based on your predefined policies, learning from your specific risk tolerance and guidelines. It analyzes each contract, highlighting critical issues or deviations from your standards, helping you focus on key areas that require attention during the review process… |
 | eBrevia is an AI-powered contract analysis tool that streamlines document review across industries like law and finance. Using natural language processing and machine learning, it quickly extracts key provisions from large volumes of contracts, such as change of control or indemnification terms. Its customizable AI… |
 | Trello is a visual project management tool that empowers teams to manage projects, workflows, and tasks efficiently. Utilizing a system of boards, lists, and cards, Trello allows users to organize tasks visually, making it easy to track progress and collaborate with team members. Users can add due dates, checklists, attachments, and comments to cards, ensuring all relevant information is easily accessible in one place. Business brokers can use Trello… |
 | Asana is a tool that helps teams manage projects and tasks. It’s designed to organize work visually, making it easy to track progress and collaborate. You can set due dates, attach documents, create checklists, and keep everything in one place. For business brokers handling… |
Check out our other recommended newsletters!
