what are the best analysis to perform during due diligence of enterprise software companies?
During due diligence of enterprise software companies, it's essential to perform a thorough analysis to uncover potential risks, opportunities, and value drivers. Here are some of the best analyses to perform:

**1. Financial Analysis**

* Review historical financial statements (income statement, balance sheet, cash flow statement) to understand revenue growth, profitability, and cash flow generation.
* Analyze key financial metrics, such as:
	+ Revenue recognition and deferred revenue
	+ Gross margin, operating margin, and net income margin
	+ Customer acquisition costs (CAC) and lifetime value (LTV)
	+ Accounts receivable and payable days outstanding
	+ Capital structure and debt obligations

**2. Product and Technology Analysis**

* Evaluate the company's product roadmap, competitive landscape, and market trends.
* Assess the technology stack, architecture, and infrastructure to identify potential risks or opportunities.
* Review intellectual property (IP) protection, patents, and trademarks.
* Analyze the company's research and development (R&D) expenses and investments.

**3. Customer Analysis**

* Review customer contracts, agreements, and pricing models.
* Analyze customer demographics, industry verticals, and geographic distribution.
* Evaluate customer satisfaction metrics, such as Net Promoter Score (NPS), customer churn rates, and retention rates.
* Identify key customer relationships and potential concentration risks.

**4. Sales and Marketing Analysis**

* Review sales and marketing strategies, channels, and tactics.
* Analyze sales performance metrics, such as
The best analysis to perform during due diligence of enterprise software companies include assessing the technology, understanding the customer base and market position, evaluating the financials, and analyzing the competition. Additionally, it is important to assess the company's culture, assess the management team, and identify any potential risks associated with the company.