Challenge 1: Limited access to information
One of the main challenges M&A teams face during due diligence is limited access to information. This can be especially true for private companies, where financial and operational data may not be as readily available as it is for publicly traded firms. M&A teams may have to rely on the target company's management team to provide relevant information, which can be time-consuming and may not always be completely accurate. Additionally, some information may be considered confidential or sensitive, and M&A teams may have to sign non-disclosure agreements in order to access it. Gaining access to the data in scope is often complicated as well, as most documents are not existing in the form of structured data. Only structured data allows for quick analysis and interpretation.