Consultancy Everoze has partnered with data visualisation software outfit Datacoz to create an online platform to support efficient execution of due diligence for renewables deals.
The company says its LiveDiligence software frees up advisers to focus on evaluating risks and formulating mitigations rather than spend time on traditional reporting procedures at the very end of the process.
Everoze co-founder Joanna de Montgros said: “We’ve been doing due diligence differently at Everoze since the beginning, recognising that our clients need direct access to senior, flexible staff to enable the right decisions to be made quickly.
“With LiveDiligence, we are taking things one stage further by giving our clients faster access to the findings they need and the clarity required to make the right calls as the deal evolves.”
Early users of the platform include renewables investors Pensions Infrastructure Platform and Nord/LB.
According to Everoze co-founder Joe Phillips, deal environments for renewables transactions can entail investors and lenders having to process long reports from their advisers.
“We want to put the power back in the hands of our clients by making our findings available as they emerge, on a secure and user-friendly online platform. We built LiveDiligence to help cut through the waffle – getting to the handful of value-driving insights more quickly,” said Phillips.
Nord/LB director Alan Harling said: “We are always keen to find ways to improve deal execution.
“Our experience with LiveDiligence has demonstrated that the platform improves the flow of information, allowing us to better shape the focus of the diligence as issues emerge.”