Synovatic serves Corporate Due Diligence-care to avoid unnecessary exposure

 Cybersecurity is the protection of internet-connected systems such as hardware, software and data from cyber threats. In Asia, cyber risk is a real concern for businesses today. Network integrity and data security rank at the top of senior management concerns, as companies continue on the path to digitization and inter connectivity. Cybersecurity is the protection of internet-connected systems such as hardware, software and data from cyber threats. The practice is used by individuals and enterprises to protect against unauthorized access to data centers and other computerized systems.

 

Synovatic serves Corporate Due Diligence-care to avoid unnecessary exposure

 A strong cybersecurity strategy can provide a good security posture against malicious attacks designed to access, alter, delete, destroy or extort an organizations or user's systems and sensitive data. Cybersecurity is also instrumental in preventing attacks that aim to disable or disrupt a system's or device's operations.

 With an increasing number of users, devices and programs in the modern enterprise, combined with the increased deluge of data -- much of which is sensitive or confidential -- the importance of cybersecurity continues to grow. The growing volume and sophistication of cyber attackers and attack techniques compound the problem even further.

 Role of Synovatic Cyber Solutions in Cyber security

 Synovatic comprises of the most vibrant, energetic, and dynamic team who are experienced in domains like Online Reputation Management, Web Development, Digital Marketing, CMS, SEO, SEM, SMM, Graphic Designing, IT Infrastructure, CRM & ERP development & solutions, Payroll Management, Network Security, Telecom Infrastructure, and Security Product & Services etc. nationally & internationally. The firm is headquartered in Delhi and has its branches in Punjab.

Synovatic Cyber Solutions were formed to provide quality service and competitive prices in the space of cybersecurity requirement by customized solutions, quick turnaround time, hassle-free approach along post-project consultation and support. Synovatic Cyber Solutions is the best one-stop solution to all your cybersecurity requirements. At synovatic, they understand your concerns about the protection of your data and the integrity of computing assets belonging to your network. They identify the gaps and suggest solutions to minimize the risk and protect from cyber-attacks. Synovatic aim to provide class-leading service adhering to industry standards and cost compatibility while tendering customized solutions to every cybersecurity requirement. Synovatic’s one of the best services includes Corporate Due Diligence.

Corporate Due Diligence

 Due diligence is the level of care or judgment exercised prior to establishing a commercial relationship. It is a process that involves collecting, understanding and assessing all legal risk, associated with a target company.

 The main purpose of due diligence is to investigate all the possible financial and legal risks in relation to a company's assets, corporate status, intellectual property, contracts, land transactions, and company's employment. This is done to ensure that any investment or purchase is beneficial to the investors.

 It is important for investors to conduct legal due diligence on a company before engaging in any mergers, acquisitions, takeovers or other transactions with any company.   

The method of due diligence requires investors to thoroughly examine the target company's financial and legal records. Financial statements, Audit Reports, Annual or Quarterly Tax Returns are the key documents often scrutinized by most investors. Having an expert can greatly help with assessing the legal and financial picture of a company.

 Once the investor has chosen the company it wants to conduct due diligence on, he should hire the services of experts to conduct due diligence on the target company. Hiring the right person for this job is an integral step and the expert would know what questions are to be asked and what information is to be sought from the target company for a holistic assessment.

 Planning sets the basis for a successful due diligence transaction. The expert would plan and strategize the whole due diligence process.

 The investor must engage in Industry Research. This entails the type of information that needs to be sought from the target company. Industry research however varies from one company to the other, depending (among other factors) upon the nature of the industry that the target company belongs to, as the rules, regulations, licenses and approvals required for every industry differs. However, the documents generally in focus for due diligence include and are not limited to company registration, shareholding pattern, financial statements, income tax returns, tax payment receipts, bank statements, operational records, employee records, statutory registers, property documents, IP registrations etc.

 The next step would be to prepare a questionnaire or a checklist pertaining to all the documents and information you would require in the exercise of due diligence process. This checklist or questionnaire is given to the representatives of the target company so that they can provide the necessary documents and information.

 Once the documents and information asked for in the checklist or questionnaire is received by the team conducting the due diligence, the next step is noting all the relevant information from the documents, in the form of separate annexures to the main Due Diligence Report.

 It might be possible that all the information and documents sought in the checklist or the questionnaire is not given by the representatives of the target company in the last step. Furthermore, it might so happen that the documents provided by the representatives of the target company in the last step might include mention of certain other documents or information.

 Such pending or additional documents or information is sought from the target company by the team conducting the due diligence, in the form of a requisition list, so as to aid the representatives of the target company in providing the same.

Benefits of Due Diligence for Investors

Due diligence is important because it can lower risk later on in the investment process, including structural risks to the company's capitalization and its early-stage investors. It can also ensure a strong, sustainable relationship between an investor and a company or entrepreneur, one established on transparency, trust and respect.

Therefore, some of the primary reasons for conducting due diligence is outlined below:

      Better Understanding of the Organization: Due diligence is necessary to give the buyer/investor the information that they need to know about their target company in order to structure its purchase.

2.      Helps to Value the Target Company: Due diligence will inform the investor of some of the following: contingent liabilities, restriction on businesses, pending litigations, insurance policies, employee benefits, intellectual property rights etc.

3.      Informs the drafting of Relevant Documentation: The information obtained during a legal due diligence process will be helpful for both parties to a transaction in drafting and negotiating any agreement. The information is particularly helpful in allocating risk when drafting representations and warranties, pre-closing and post-closing indemnification rights of both parties.

4.      Identify Impediments to Closing a Transaction: During the due diligence process, parties are able to identify and sometimes address impediments that might delay or hinder the success of the transaction. Some of the actions a legal due diligence expert will focus on are:

• The Company's corporate documents, to determine the shareholders/Board of Directors of the company;
• The requisite corporate approvals required to complete the transaction;
•  Contract documents, including assignment clauses, permits and licenses, to determine whether the transaction is contractually prohibited or whether specific consents are required etc.
•  Legal due diligence provides alternatives or solutions to reduce the legal risks identified during the due diligence process.

The main goal of Synovatic Cyber Solutions, Punjab is to wipe out corporate crime to prevent you from the future loss and to help you at the early stage of the association for taking right decision of future concern.