FAQs - Company Objectives
Q What are your company objectives on the Diligentsia platform?
When you set up a company on our platform we provide you a choice of three objectives for your company. To make it:
Investment ready - we tailor our platform to put you in the best position to raise investment - whether from angels, VC, PE, corporate venturers, or banks.
Investment ready - we tailor our platform to put you in the best position to raise investment - whether from angels, VC, PE, corporate venturers, or banks.
Q What do you mean by "investment ready"?
Investment Ready is one of three company objectives from which you select when you first register a company. We then bespeak the platform to maximize its relevance to your company. You can change your objective in Company Settings (coming soon).
Q What benefit is there to being investment ready?
If you are seeking to raise external funding for your business, you are likely to generate more interest, and possibly raise money at a higher valuation, if you can demonstrate that you "have got your ducks in row" by being Investment Ready. Having all the due diligence information already in place will impress prospective investors, and speed up the process. In addition, going through the process ahead of time will uncover any blocking issues and provide you time to resolve them - speeding up the end to end investment process.
Q What expansion packs are most relevant to preparing my company to be investment ready?
We suggest that you purchase the Directors Questionnaire Expansion Pack and the Warranty Disclosure Expansion Pack. They answer two key questions - what liabilities are we likely to uncover - in both the business and the people.
Growth ready - - we tailor our platform to put you in the best position to grow more rapidly and thereby increase your valuation.
Growth ready - - we tailor our platform to put you in the best position to grow more rapidly and thereby increase your valuation.
Q What do you mean by "growth ready"?
Growth ready is one of three company objectives from which you select when you first register a company. We then bespeak the platform to maximize its relevance to your company. You can change your objective in Company Settings (coming soon).
Q What benefit is there to being growth ready?
If you are seeking to grow your business, having a good and solid underlying corporate infrastructure will assist that growth. Being able to demonstrate that you "have got your ducks in row" will impress your customers, prospective customers, suppliers, professional advisors and top class employees you might wish to recruit. Uncovering any blocking issues at an early stage can only help, providing you time to resolve them.
Q What expansion packs are most relevant to preparing my company to be growth ready?
Industry specific and function specific expansion packs will be the most useful for a growth business.
Q What expansion packs are required in order for us to obtain Diligentsia certification?
Whilst you can obtain bronze (basic) certification without the Directors Questionnaire Expansion Pack and the Warranty Disclosure Expansion Pack, these expansion packs are necessary for you to advance to silver (potentially investible) and gold (sophisticated) certification. Identifying any business and people issues at this stage will strengthen the business.
Exit ready - we tailor our platform to put you in the best position to exit for a higher valuation - whether a trade sale, to PE, or IPO.
Exit ready - we tailor our platform to put you in the best position to exit for a higher valuation - whether a trade sale, to PE, or IPO.
Q What do you mean by "Exit Ready"?
This is one of three company objectives from which you select when you first register a company. We then bespeak the platform to maximize its relevance to your company. You can change your objective in Company Settings (coming soon).
Q What benefit is there to being exit ready?
If you are seeking to sell your business, you are likely to generate more interest, and possibly sell for a higher price, if you can demonstrate that you "have got your ducks in row". Having all the due diligence information already in place will impress prospective purchasers, and speed up the process. In addition, going through the process ahead of time will uncover any blocking issues and provide you time to resolve them.
Q What expansion packs are required in order for us to obtain Diligentsia certification?
Whilst you can obtain bronze (basic) certification without the Directors Questionnaire Expansion Pack and the Warranty Disclosure Expansion Pack, these packs are necessary for you to advance to silver (potentially investible) and gold (sophisticated) certification.
Please click on the indent above to expand into more instructions.
Once you have decided your objective, we tailor our modules to assist you in delivering value in that regard.
Troubleshooting
Q: How do I select a company objective during registration?
You choose an objective (Investment Ready, Growth Ready, or Exit Ready) during the initial company registration process.
Q: Can I change my company’s objective after registration?
Currently, changing objectives in the Company Settings is not available.
Q: What happens if I select the wrong objective?
Contact support@diligentsia.co.uk for assistance in updating your objective.
Q: How does my selected objective impact platform features?
The platform is tailored to your objective, optimizing modules, recommendations, and resources for your chosen focus.
Q: Can I select multiple objectives for my company?
No, only one objective can be selected at a time to ensure a focused approach.
Q: What are the main benefits of choosing the “Investment Ready” objective?
It prepares your company for external funding, streamlines due diligence, and uncovers potential issues ahead of investor scrutiny.
Q: What are the benefits of selecting the “Growth Ready” objective?
It optimizes your company for rapid growth by addressing structural and operational needs, impressing stakeholders, and attracting top talent.
Q: Why should I choose the “Exit Ready” objective?
It positions your company for a high-value exit by preparing due diligence materials and identifying potential blockers in advance.
Q: Can I switch to another objective if my business priorities change?
Not at this time. Contact support for interim solutions.
Q: What expansion packs are recommended for the “Investment Ready” objective?
The Directors Questionnaire Expansion Pack and Warranty Disclosure Expansion Pack are highly recommended.
Q: Are specific expansion packs required for Diligentsia certification?
Bronze certification does not require expansion packs, but Directors Questionnaire and Warranty Disclosure are needed for Silver and Gold certifications.
Q: How does the platform tailor modules for each objective?
The platform prioritizes relevant modules, scoring criteria, and recommendations based on your selected objective.
Q: Can I achieve certification without selecting an objective?
No, selecting an objective is required to tailor the platform and proceed with certification.
Q: What industries are supported under each objective?
The platform supports a wide range of industries. Industry-specific expansion packs enhance functionality.
Q: What happens if my selected objective doesn’t align with my business model?
Contact support to discuss customizations or adjustments to better fit your needs.
Q: How are the objectives tied to risk and completeness scores?
Objectives determine the focus areas for evaluation, influencing how scores are calculated and recommendations are provided.
Q: Can I skip selecting an objective during registration?
No, selecting an objective is mandatory to customize the platform for your needs.
Q: Are the recommendations provided objective-specific?
Yes, recommendations are tailored to align with the specific needs of your chosen objective.
Q: What if my business needs align with multiple objectives?
Choose the most immediate objective, and adjust your approach as needed with future updates.
Q: How do I contact support for issues with setting objectives?
Use the support bot on the website or email support@diligentsia.co.uk for assistance.