LET AI HELP YOU WITH FINANCIAL DUE DILIGENCE EFFICIENTLY
Financial due diligence is an essential part of any business transaction, no matter if it involves a merger, acquisition, or investment. It entails a careful examination of a company’s finances to reveal any hidden surprises or liabilities that could prove harmful to the deal. The extent to which due diligence is carried out depends on the complexity of the transaction. Normally, the process takes a lot of time and effort as it involves analyzing documents to prepare legal, financial and commercial information. While these steps remain necessary, recent changes due to the use of artificial intelligence (AI) in business are improving how this important task is carried out. The blog is interested in AI tools, especially natural language processing tools such as ChatGPT, and their application in the financial due diligence process with the aim of saving time and reducing errors as well as deepening the analysis. Use of AI for Finan...