There are different kinds of Al but since 2022, the most famous of these are Large Language Models (LLM). These are revolutionary Al models that allow people to ask questions in plain English (other language) and the Al will answer in kind. However, LLMs can sometimes “hallucinate”. This means that Al models, may generate information that is incorrect, fabricated, or inconsistent with known facts. Why does this happen?
Picture this: Teams of bleary-eyed analysts and lawyers, fueled by endless coffee, spending weeks digging through contracts, financial statements, and that one mysterious folder labeled “Miscellaneous_Final_FINAL_v3_really_final.” They’re searching for red flags, hidden gems, and that one crucial detail buried on page 394 of a supplier agreement from 2019.
Reading through a gigabyte worth of documents is nobody’s idea of fun. Data rooms have evolved from rooms filled with paper to Virtual Data Rooms (VDR) but the time it takes to go through the information has not been reduced. Now with Reccy, we can move analysis of Data Rooms on to the next stage.
Our estimate is that the speed increase of using Reccy to analyse your VDR results is about 863% over human analysis. We usually have detailed overview of the data ready within 30 minutes (depending on the size of the VDR). This doesn’t mean you can rely completely on Reccy and not have to look at the documents, but it does mean you have saved a lot of time and analysis that would previously have been necessary just to understand what is in the VDR.
Reccy uses 60 data points to create a comprehensive analysis. These are the Reccy Insights. These are covered by these key category headings:
Summary & Background
Owners & Managers
Commercial
Finance & Accounting
Tax
Cultural
Legal
Technology
People
Property
Policies
Risk
Some of the benefits of Reccy’s analysis:
Think about typical due diligence failure points:
Reccy gives your due diligence team superpowers, making their work easier, faster and saving you money.
In a world where missing a single crucial detail can cost millions, using Reccy to analyze your data room is a great decision. The best deals are the ones where you know exactly what you’re getting into. With Reccy, you’re not just seeing the tip of the iceberg – you’re scanning the whole thing, underwater parts and all, in high definition.
You can see the benefits for yourself, very quickly, with our free trial. You can securely, confidentially and quickly get an analysis of your data room at no cost, and witness for yourself the next stage of the Data Room evolution.
P.S. No analysts were harmed in the writing of this article, though several were rescued from drowning in document reviews.
Your Reccy room is secure, and encrypted at rest. We do not train our systems on your data or pass to any insecure third-party companies. Only those authorised by you can see your documents.
Your Reccy room is secure, and encrypted at rest. We do not train our systems on your data or pass to any insecure third-party companies. Only those authorised by you can see your documents.
