How It WorksFive stages · one continuous loop

The deal team frames it.
The platform executes it.

DiligenceIQ does not remove human responsibility from the deal process. It separates the work that requires professional judgement from the work that can be executed, repeated and scaled through AI — then keeps a traceable line between the two.

02 / The Operating Model Where responsibility sits

Humans lead the diligence. AI executes the workflow.

Human-led

The deal team.

Scope, interpretation, challenge and the final recommendation.

  1. 01Define the investment thesis.
  2. 02Set the diligence scope.
  3. 03Identify key deal questions.
  4. 04Select and prioritise workstreams.
  5. 05Add transaction and sector context.
  6. 06Challenge findings and assumptions.
  7. 07Review material evidence.
  8. 08Approve outputs.
  9. 09Own the final recommendation.
The Boundary
AI-executed

DiligenceIQ.

Execution, repetition and scale, under human direction.

  1. 01Ingest and organise deal documents.
  2. 02Connect information across sources.
  3. 03Analyse defined diligence questions.
  4. 04Run specialist workstreams in parallel.
  5. 05Identify inconsistencies and information gaps.
  6. 06Surface potential red flags.
  7. 07Produce source-linked findings.
  8. 08Draft management questions.
  9. 09Generate IC-ready draft outputs for human review.
  10. 10Re-run analysis when new information arrives.

The boundary is a design principle, not a disclaimer. Nothing crosses from the execution layer into an investment recommendation without a named person reviewing the evidence behind it.

01 / The Workflow The DiligenceIQ deal diligence workflow

Five stages, run as a loop rather than a handoff.

New documents, questions and management responses can be added at any point and the relevant analysis re-run. The diligence view stays current as the evidence base grows.

Stage 01

Frame

Define the transaction context, investment thesis, diligence scope and key deal questions.

Stage 02

Ingest

Analyse data room documents, management information, external research and other approved sources.

Stage 03

Investigate

Run specialist diligence workstreams in parallel and test the available evidence against the deal questions.

Stage 04

Challenge

Identify inconsistencies, evidence gaps, counterarguments, red flags and areas requiring further management input.

Stage 05

Decide

Produce source-backed findings, management questions, risk summaries and IC-ready draft outputs for human review.

One Connected Deal Context Inputs · deal memory · outputs

One deal memory — not a pile of files.

Every stage reasons over one connected structure rather than over loose documents. That is why a figure on page 400 of one file can be tested against a claim in another, and why a contradiction becomes an open question instead of going unnoticed.

Inputs

What goes in

  • Data room
  • Management information
  • External research
  • Deal questions
Connected deal memory

One structure

  • Company
  • Customers
  • Products
  • KPIs
  • Contracts
  • Competitors
  • Risks

Everything reasons over this, not over loose files.

Outputs

What comes out

  • Questions — deal and management questions, drafted
  • Findings — cross-checked, contradictions flagged
  • Evidence & gaps — linked to source, or recorded as a gap
Beyond One Transaction Where the compounding happens

Each transaction can strengthen the next.

Where a firm authorises it, deal memory extends beyond a single transaction — turning the firm's methodology, prior diligence, IC questions, decisions and post-deal outcomes into reusable institutional context. The point is not storing old documents; it is that institutional knowledge compounds across transactions instead of leaving with the analyst who ran the last one.

01

Your methodology

Diligence playbooks, standard question sets and output templates encoded once and applied consistently.

02

Prior diligence

Evidence and findings from earlier transactions available as context — sector patterns, comparable assets, recurring risks.

03

IC questions

The questions your committee actually asks, applied earlier — so papers anticipate challenge rather than absorb it in the room.

04

Investment decisions

What was approved, what was passed on, and the reasoning recorded at the time.

05

Post-deal outcomes

What the asset actually did after completion, tested against what diligence predicted.

The result

Knowledge that compounds

A diligence capability that sharpens with every transaction rather than starting from zero.

Only where authorised

Nothing crosses between transactions without explicit authorisation from the firm, and nothing crosses between clients under any configuration. Cross-deal context is configured per firm, governed by the same access controls as the underlying evidence, and can be switched off entirely.

04 / In Practice Illustrative interface

What the Investigate stage looks like on a live deal.

DiligenceIQ  ·  Project Meridian  ·  Workflow · Investigate Illustrative deal data
Workstreams in progress
Activated by the deal team at the Frame stage. Each analysis is tied to a defined deal question.
01 · Commercial & market
Market attractivenessCommercialSize, growth drivers and structural dynamics.Complete
Competitive positionCommercialDifferentiation, switching behaviour and share trajectory.Complete
Customer concentrationCustomerCohort behaviour, churn and dependency on the largest accounts.Running
02 · Financial & value
Revenue qualityFinancialRecurring versus non-recurring, seasonality and concentration.Complete
Cash flow & working capitalFinancialConversion, seasonality and financing requirement.Running
03 · Operational  ·  04 · Technology & product
Operating scalabilityOperationalProcess maturity and capacity to support the growth plan.Complete
Product & architectureTechnologyTechnical debt and roadmap credibility.Running
05 · Management & organisation  ·  06 · Risk & compliance
Key-person dependencyManagementLeadership depth and execution track record.Queued
Regulatory exposureRiskLicences, obligations and pending regulatory change.Running

Interface shown with illustrative data. Workstreams are activated per transaction — this is one configuration, not a fixed set.

05 / Stage 04 · Challenge Evidence coverage & gap analysis

Challenge starts with knowing what you do not have.

Every requirement in the agreed scope is mapped against the evidence base. What sits in the data room, what is only partially supported, what can be sourced externally and what needs primary research — visible while there is still time to act on it.

DiligenceIQ  ·  Project Meridian  ·  Challenge · evidence coverage Illustrative deal data
Evidence coverage & gap analysis
Coverage by theme, ordered by how much of each the data room actually answers. The requirement-level view sits on the home page.
30
Requirements in scope
6
Answered in the data room
8
Partial — needs corroboration
16
To source outside the room
Company & Financials 5 of 6 in the room
The room settles the numbers.
Financial history (revenue / profit) Segment / go-to-market mix Unit economics / take rate / margin Customer KPIs (counts, retention, churn) M&A / acquisition track record Product roadmap (labelled as plans)
Competitive Positioning 1 of 7 in the room
Pricing aside, the comparison sits outside the room.
Price benchmarking Competitor landscape / archetypes Criteria performance vs archetypes Feature / module benchmarking NPS by provider type Competitor pain-point synthesis Willingness to pay / full-suite demand
Market Dynamics 0 of 4 in the room
Sized in the CIM, corroborated nowhere.
Market size (TAM / SAM / served) Market growth drivers Downturn / recession resilience Value-added / adjacent opportunity
Growth Opportunities 0 of 5 in the room
Asserted by the seller, tested by no one.
Growth-lever agenda Partner / channel whitespace Contestable / new-customer pool Partner adoption willingness Pricing optimisation / elasticity
Decision-Making 0 of 4 in the room
None of this can come from a document.
Switching triggers & lifecycle Decision process & stakeholders Purchase criteria & weights Switching complexity / friction
Customer Feedback 0 of 4 in the room
None of this can come from a document.
Satisfaction / NPS Strengths — customer evidence Churn triggers (beyond price) Development areas — customer evidence
In the data room Partial — needs corroboration Externally sourceable Primary research required
What the view is for

It turns “we have not looked at that yet” into a specific, assignable action — a management question, a research task, or a confirmation that the evidence is already in the room.

What happens next

Gaps become a management question list and a research plan. The deal team decides what is material enough to chase — the platform does not close a gap by inference.

Interface shown with illustrative data. Coverage is a view of the evidence base, not an assessment of the transaction.

06 / Deployment Alongside your process

It sits alongside your existing process

DiligenceIQ works with your current data room and diligence workflow. It ingests the documents you already have and produces structured outputs that feed the process you already run — no migration required.

Your methodology stays yours

Deal questions, workstream configuration and output templates align to your playbook and IC format. The platform is a configurable execution layer, not a methodology imposed on the team.

Recommended next step

Put DiligenceIQ to the test.

Run it against a deal you have already completed, or start with one workstream on one live transaction. Compare time saved, evidence coverage, analyst effort, finding quality and IC readiness.