Workflow

Financial Due Diligence

Cross-reference financial models with source contracts at scale. Automatically verify EBITDA add-backs against SPA terms and flag discrepancies before they reach the investment committee.

How Underlying automates FDD

1

Ingest VDR & Models

Connect directly to Dealcloud or the target's VDR. Underlying indexes thousands of vendor contracts, leases, and historical financial statements in minutes.

2

Cross-Reference Facts

The orchestration engine automatically checks management's stated EBITDA adjustments and working capital assumptions against the actual governing legal clauses.

3

Review & Export

Advisors review flagged discrepancies in the UI, verify the hyperlinked source citations, and export a clean Quality of Earnings (QoE) schedule to Excel.

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