Averdan Advisory — Deal Edition

Know every exception
before the IC does.

Deal Edition reads your deal room, surfaces every material exception, and produces the board pack your investment committee needs — with a full record of what your team did about each issue.

Open Deal Edition → See how it works
No account needed No installation No data leaves your machine
‹›
averdan.com/de.html — Deal Edition
☆⋯
Deal Edition ① Deals ② Uploads ③ Scan & Review Compare FROZEN IC-1
Investment Review Workspace
Project Meridian  FAIL
Not ready for reliance
26 fail findings | 12 warnings | Review evidence score 98 →
Latest frozen submissionIC-1 · 31 Jul 2026
Overview
Excel Extracts 5
Financial Statements 5
Leases 3
Supply Agreements 2
HR Agreements 10
Debt Facilities 1
Customer Contracts 3
Export Board Pack
IC Overview
Navigate the decision first, then review exceptions, readiness, workstreams, financial context, scoring and governance.
Decision Summary
ATTENTION
Principal Exceptions
38
Submission Readiness
REVIEW
Integrity & Workstreams
READY
Financial Context
READY
Scoring & Evidence Quality
98
Scope & Governance
7/7
Decision Summary
ATTENTION REQUIRED
Summary
Details
Actions
Executive Summary
NOT READY FOR RELIANCE
The current evidence should not be relied on without qualification. 26 fail-severity findings remain, with 38 material findings not yet fully reviewed.
Documents reviewed29
Fail-severity findings26
Warning-severity findings12
Findings not fully reviewed38
Open actions / conditions38
195integrity checks per deal
7document types read automatically
5jurisdictions — SA · UK · US · AU · EU
0bytes uploaded to any server

How it works

From deal room to board pack, in four steps.

STEP 01
Add the deal
Name the deal, set the jurisdiction and sector. Terminology, currency and benchmark thresholds adapt automatically.
STEP 02
Upload the deal room
Drop in financials, leases, HR agreements, debt and supply contracts. Everything stays in your browser — nothing is uploaded.
STEP 03
Review every exception
Work through each fail and warning finding. Every response your team documents is captured against that finding.
STEP 04
Freeze & print
Lock the IC version and print a complete, board-ready report — findings, responses and all.

Risk management — not just risk detection

Find it. Respond to it. Document it. Present it.

Deal Edition doesn't just list problems — it gives your team the workflow to work through each one. Every finding has a response field. Every response is printed in the IC report alongside the finding it resolves.

The difference for your IC
Without Deal Edition, exceptions surface at the IC table — and your team scrambles.

With Deal Edition, exceptions surface during review, your team works through each one, and the IC sees a complete record: what was found, what was done, and what conditions remain. That's how you walk into the room ready.
FAIL
48% of the debtors book is overdue. Confirm provisioning policy and reconcile to the AFS bad-debt provision before relying on the receivables balance.
atlas_ar_fy2024.xlsx · AR Age Analysis
Overdue balance reconciled to AFS Note 7. Provision of R 2.1M confirmed adequate. Accepted — no further action required.
FAIL
Change-of-control clause found in primary lease — this acquisition may trigger the landlord's right to terminate or renegotiate.
atlas_lease_hq.pdf · Lease Agreement
Landlord consent letter obtained. Signed waiver on file. Condition: confirm original included in data room before IC.
WARN
Top customer (Ferro Industrial) represents 25% of revenue — above the 20% FMCG sector threshold. Key relationship risk post-acquisition.
atlas_ar_fy2024.xlsx · AR Age Analysis
Three-year offtake agreement on file. Customer has transacted for 6 years. Escalated to IC for commercial consideration — not a data issue.

The primary output

One click.
A report your IC can rely on.

When the review is complete, press Print. What comes out is a complete due diligence report — everything found, everything reviewed, everything your team did about it.

✓
Decision Summary — the evidence reliance conclusion, analyst assessment, and any conditions that must be met before IC sign-off.
✓
Principal Exceptions — every fail and warning finding, sorted by materiality, with your team's documented response against each one.
✓
Conditions & Actions — outstanding items with ownership and due dates. The IC sees exactly what must happen before completion.
✓
Financial Snapshot — extracted ratios and financial metrics directly from the AFS, cross-referenced to sector benchmarks.
✓
Scope & Governance — a full record of every document reviewed, the configuration used, and the analyst who ran the review.
✓
Frozen versions — each IC submission is hash-stamped and frozen so the record can never be altered after the fact.
IC Submission — Board Pack · Project Meridian
Data Integrity Report
Project Meridian
GateFAIL — Not ready for reliance
SectorIT & Software / SaaS
Prepared30 Jul 2026 · Sample Deal Team
Jurisdiction🇿🇦 South Africa · IFRS for SMEs
Documents29 across 7 types
VersionIC-1 · Hash: 99287864
Report sections
Decision Summary NOT READY
Principal Exceptions (26 fail · 12 warn) 38 OPEN
Conditions & Actions 38 OPEN
Financial Snapshot (AFS) READY
Document Registry 29 DOCS
Scope & Governance 7/7 READY
Generated by Deal Edition · averdan.com
🖨 Print report
Freeze IC-2
That report took one click. See it on your own deal.
Open Deal Edition →

What it reads

Every document in the deal room, checked thoroughly.

Upload whatever you have. Deal Edition identifies each file type, runs the relevant checks, and tells you exactly which document has the problem and why — with a page reference back to the source.

XLS
Excel Extracts
Debtors age analysis and creditors ledger — overdue concentration, debtor days, top-debtor exposure, payment terms compliance, reconciliation to AFS.
15 checks · Excel
AFS
Financial Statements
Balance sheet balancing, margin consistency, cash flow reconciliation, going concern language, audit opinion review.
29 checks · PDF
LEASE
Lease Agreements
Change-of-control clauses, remaining term, escalation terms, data-protection clauses, security deposits.
12 checks · PDF
SUPPLY
Supply Agreements
Exclusivity terms, change-of-control provisions, payment terms, IP ownership, data processing agreements.
9 checks · PDF
HR
Employment Agreements
Restraint clauses, change-of-control provisions, notice periods, key-person dependencies, data protection.
11 checks · PDF
DEBT
Debt Facilities
Change-of-control triggers, covenant terms, security and collateral, interest exposure, maturity dates.
10 checks · PDF
CUST
Customer Contracts
Revenue concentration, contract term, renewal options, IP and work-product ownership, data protection.
10 checks · PDF

Portfolio view

Multiple deals? See the whole pipeline at once.

Early-stage deals rarely pass on the first scan — that's expected. The question is which one clears fastest. Check a shortlist, drop into any comparison dimension, and see every number side by side, ranked, so you know exactly where to spend review time first.

Analysis
Compare Deals
Compare evidence quality, receivables, financial context, contracts and debt across a shortlist or a portfolio of up to 100 deals. Search, select and review deals in manageable batches.
Score & Risk 3
Receivables 3
Financial Context 3
Contracts & Debt 3
Full Comparison 3
Deal Register
Search, select and open a deal. Checked deals remain in the comparison set.
Search deals
✓
Project Falcon
FAIL · 15 documents · 9 fails
99
✓
Project Meridian
FAIL · 29 documents · 26 fails
98
✓
Project Atlas
FAIL · 15 documents · 15 fails
89
Project Atlas
Composite, gates, findings, coverage and confidence
FAIL
Deal Detail
Comparison Summary
Detailed Metrics
Actions
Metric Project Falcon#1FAIL · 15 docs Project Meridian#2FAIL · 29 docs Project Atlas#3FAIL · 15 docs
Composite score999889
Current gateFAILFAILFAIL
Fail findings92615
Warnings81015
Documents152915
Early access · all parsing and scoring happens locally in your browser · nothing is uploaded anywhere · your portfolio auto-saves between sessions

Built for deal teams

Configurable to your process.

Not every deal is the same. Deal Edition lets your firm set the thresholds, the checks, the market — and keeps a record of every decision.

Multi-jurisdiction
Set jurisdiction per deal — SA, UK, US, AU, EU. Terminology, currency, accounting standard, and data-protection law adapt automatically. A portfolio can span jurisdictions.
ZA · UK · US · AU · EU
Sector benchmarks
Select the sector and Deal Edition applies the right thresholds — debtor days, overdue concentration, margin swings. FMCG, manufacturing, SaaS, construction, professional services.
8 sectors
Configurable checks
Every check can be enabled, disabled, or adjusted in severity. Every threshold is editable. The firm's own standards — not ours — drive what matters on each deal.
195 checks configurable
Frozen IC versions
Each IC submission is hash-stamped and frozen. The version submitted to the committee is locked — the record cannot be altered after the fact, even if the deal data changes.
Immutable audit trail
Portable & shareable
Export the full portfolio as a single file and share with a colleague. They import it, select IC Member role, and see the findings and report — without the configuration interface.
No account needed
Completely private
Deal Edition runs entirely in your browser. No files are uploaded, no data passes through any server. The portfolio auto-saves locally and can be exported for sharing.
Zero data exposure

Pricing

Free to use. Built to scale when you need it.

Deal Edition is free — open it and run a full IC review today. Larger teams that need more than a single-browser workspace can talk to us about Deal Edition for Firms.

Deal Edition
Free, right now.
No account, no installation, nothing uploaded. Open it in your browser and start reviewing your first deal in minutes.
✓Full integrity scan — all 195 checks, every document type, every jurisdiction and sector profile.
✓Complete board pack output — decision summary, exceptions, financial snapshot, one-click print.
✓Portfolio comparison — shortlist and compare up to 100 deals side by side.
✓Runs entirely in your browser — your data never leaves your machine.
Open Deal Edition →
Deal Edition for Firms
For teams that have outgrown a single browser.
Deal Edition for Firms is a managed build of the same tool, shaped around how your firm actually works — role-based, synced across your team, and integrated with your systems.
✓Role-based access & approvals — granular permissions by analyst, partner and IC member, with sign-off workflows.
✓Multi-team collaboration — shared, synced portfolios across your firm instead of one local browser copy.
✓Enterprise security — SSO, centralised audit logging, and data residency controls for regulated environments.
✓Deal room & systems integrations — connect to your DMS, data room, CRM or e-signature platform.
✓Bespoke check libraries & benchmarks — thresholds and rules tuned to your firm's own investment policy.

See it in under a minute.

Open Deal Edition, load the sample portfolio, and you'll see a complete IC workspace — three deals, 29 documents already scanned, findings reviewed, and a board pack ready to print. No account. Nothing to install.

Open Deal Edition →
No account required No installation No data leaves your machine Early access — free to use