Using technology and specialist resources to improve quality and achieve 40% cost reduction in a due diligence project.
Over the years, the team here at Clifford Chance has carried out due diligence for a range of clients. This is a crucial step for a transaction or transfer, and it must be done thoroughly and accurately.
When we acted for a banking client in an exercise involving the internal transfer of loans, one element of this project involved completing due diligence questionnaires (DDQs) for multiple loan documents. The aim of this was to highlight any restrictions on the ability to carry out the loans transfer.
We saw this as an opportunity to streamline existing processes and ensure we received precise data. We introduced new technology and specialist resources that improved quality and achieved a 40% cost reduction across the full due diligence project.
Here we look at how we were able to secure this outcome and the tech that was introduced to do it.
CASE STUDY | DELIVERY CENTRES AND COLLABORATION