News Monitoring
Common Challenges to Effective Due Diligence
It’s Not That Straightforward
Verifying the reliability of your data and performing enhanced background checks require peeling back multiple layers and access to multiple data sources.
It Costs You Too Much Time
Discovering a company or person’s connections takes more time than you can afford.
You Don't Have the Right Tools
You have to perform regular background checks on new parties, but lack a self-service tool that’s easy to use.
Leave It to an Experienced Due Diligence Company
Cross-Check Your Data With Official Sources
Verify information provided by your partner, client, vendor or merchant with official corporate registry sources and exchange filings. As a trusted due diligence service provider, our database covers Singapore, Malaysia, Vietnam and China.
Outsource Reports to Our Experts
Our ability to deliver timely due diligence reports to corporations and Catalist Sponsors is supported by our extensive corporate database, coupled with our knowledge and tools.
Run Enhanced Background Checks
Leveraging on our AI due diligence software, we help you identify and evaluate risks associated with the other party by surfacing regulatory actions that require your attention.
Upgrade Your Compliance Toolkit
Add the Handshakes App to your compliance toolkit and perform background checks whenever you need.
The Due Diligence Check Process
- Planning and Preparation: Define the scope and objectives of the due diligence. Handshakes’ APP software aids in this by providing access to official company registry, litigation and capital markets data across Asia to define the scope.
- Information Gathering: Collect relevant financial information, shareholding structures, beneficial ownership , and legal documentation. Our due diligence database, a repository of Asia private markets data, provides instant access to reliable official records, streamlining this step. Intelligence such as regulatory, enforcement & disciplinary (RED) records are also available.
- Analysis and Evaluation: Analyse the gathered information to identify potential risks and opportunities. This is where Handshakes’ APP mapping capabilities and AI-powered tools can help enhance the analysis process Relationship mapping between companies and people through the APP can identify beneficial ownership, surface potential conflicts-of-interest and possible fraud.
- Reporting and Documentation: Summarise the findings in a comprehensive due diligence report—Handshakes offer various reporting services, from standardised Business Profile and Financial Reports to proprietary Regulatory, Enforcement and Disciplinary (RED) List and other customised in-depth screening reports based on your needs.
- Post-Due Diligence Actions: Implement necessary actions on the findings of the due diligence process to drive informed business decisions.Continuous monitoring of entities and shareholders form an important part of this process and Handshakes offers alert services to keep clients informed when changes to official data are reported.
Types of Due Diligence Checks
Financial Due Diligence
Financial due diligence involves evaluating the financial information related to a prospective investment. This includes reviewing its past performance on revenue growth, profitability, and cash flow as well as its debt structure and current financial position. It also involves making sure there are no hidden liabilities that could derail the deal or create long-term problems for your own company.
Legal Due Diligence
Legal due diligence involves researching any existing legal issues or liabilities that may affect the company’s ability to satisfy its contractual obligations or comply with regulations. This includes looking at enforcement actions taken by government agencies against the company and any pending litigation or international media coverage that could affect the outcome of the deal.
Operational Due Diligence
Operational due diligence focuses on evaluating a company’s operational processes, controls, and systems to identify potential risks. Supported by a reliable due diligence service provider, the overall process can better equip acquisitions with the resources they need to properly transition into the new organisation quickly and cost effectively.
Human Due Diligence
Human due diligence is the process of carefully assessing personal aspects such as organisational culture and the values of individual managers. By understanding who makes up a company, including the management team and their goals and strategies, organisations can create an effective integration plan that takes into account any potential risks or challenges from joining forces.
Clients
Handshakes’ solutions are trusted and used by the regional regulators, public sector agencies and financial intitutions across the globe.
