When buying an RTO, you need to be aware of the key steps involved in due diligence. This is the process of investigating, negotiating, testing, evaluating, and negotiating. It is also a necessary stage before you decide whether to buy the business or sell it after due diligence. In order to complete due diligence when buying an RTO, you need to have a team of professionals dedicated to the due diligence package. They are called the due diligence sales team and they include the CEO, CFO, accountant, and legal counsel.
The first step when you see an RTO for sale is interviewing potential vendors. It is important to know whether they have strong corporate cultures and systems and whether their business plans and practices meet your standards and requirements. During the interview process, you need to investigate how committed the vendor is to working with you and your investment. You need to know if they will work closely with your outside auditor and how committed they are to deliver a cost-effective solution in a timely manner. It is also important to ask them questions related to their management team, their past sales history, their level of IT support, and other key personnel and work experience.
The second step is conducting an independent verification audit. The independent verification audit will look at the technology, control systems, and other internal controls that are essential for an RTO to operate. The audit report will compare the vendors’ performance against their expectations. Finally, the audit will look at the vendors’ level of support for your company’s data security and compliance requirements. The key performance indicators used to measure the vendors’ performance will include the number of RTO contracts signed, the number of security incidents, the number of security alerts sent out, the number of security alerts resolved, and number of system outages suffered as a result of the vendor’s failure to meet compliance standards.