Many owners are comfortable sharing their data. Flagstone’s software offers a secure, efficient way for owners to provide data that will be required for a sale. Flagstone is a secure intermediary that allows owners to share data without giving brokers direct access to the underlying systems.

Yes, the owner’s data is secure and kept confidential. Flagstone uses industry standard security to protect the owner’s information. Our platform has been assessed by a penetration testing firm, who found no issues with our security. Our platform also meets the criteria established for receiving data, via Plaid, from the largest US banks. The owner is able to revoke access to their data at any time, including asking Flagstone to remove access for their broker. 

Flagstone’s Terms of Service specify that the business owner both requests the use of their data to create the analyses and then has ownership of the results. It is the owner’s decision to allow their broker and any prospective buyers to have access to their data and their results. If Flagstone’s software is being used by the owner to share access to their data and / or their results, the owner may revoke access at any time. 

The provision of sell-side financial due-diligence is a well established practice in the mid-market to help accelerate deals and attract higher quality bids. Now Flagstone is making sell-side diligence accessible for SMB sellers and their brokers. 

Sell-side due diligence differentiates listings and makes them more attractive to buyers. If an owner includes sell-side diligence in a data room, this can increase the buyer’s confidence in the listing. Buyers may be more likely to bid and may bid at higher prices. Sharing sell-side diligence, as well as the raw data underlying it, can help accelerate due diligence.

Sell-side due diligence can also help business brokers identify issues that may eventually become barriers to completing a sale. Finding these issues early can help brokers either resolve them or avoid spending months on deals that fail to close.

Yes, you are free to charge clients for the use of Flagstone’s software and any services that you provide around it. If it would be helpful for you, the Flagstone team would be happy to assist with setting up billing for your clients.