Imagine acquiring the house of your dreams, just to later find out that the property is encumbered in a legal process. Similar situations can occur when companies seek to grow through acquisitions. Without a thorough legal audit, the buyer may inherit significant liabilities, resulting in unexpected losses or even in the cancellation of the transaction
Current technology, however, allows for the quick issuance of legal and tax certificates, identify liabilities and debts, and alert about potential risks, mitigating distrust and lack of transparency at an affordable cost. That is exactly what PortData does, a vertical of Port Louis specialized in the automation of legal audits, which closed the first quarter of 2024 with a 25% growth in its revenue compared to the same period of the previous year. "Our main goal is to enable transparency in transactions", generating clear benefits for all parties involved, contributing to productivity and the generation of wealth in our country, says Renata Soares, co-founder of Port Louis
In the first half of this year, the platform carried out about 8.000 searches for CNPJ and CPF. A PortData, with your Due Diligence 5 technology.0, uses artificial intelligence and machine learning to automate previously manual and repetitive tasks, how the issuance of certificates in various legal bodies of the country. Furthermore, the platform centralizes, organizes and provides analytical insights on the content of these documents, classifying and identifying risk factors with different levels of severity to support the legal assessment of users
"Through PortData, our clients can obtain more than three thousand distinct certificates from various issuers throughout Brazil. These certificates cover tax matters, civil, labor rights, criminals, bankruptcies and compositions, among others, often revealing an extensive list of existing processes. We made the task of identifying legal liabilities faster and more accurate, what can impact the value of a transaction or even make it unfeasible, explain Renata
Due to the highly decentralized judicial and tax structure of Brazil, the first challenge is to obtain the certificates from various agents, each one with their own system, demands for inputs and different return deadlines. A Due Diligence process, therefore, it cannot be done in a hurry and requires careful management of documents, especially when there are multiple notes. The time spent in an analog process is exhausting, because it requires the person to request certificates from various issuers, inserting the same data repeatedly or different data, what increases the chance of error, highlights Renata
This type of assessment is crucial for any transaction relevant to the assets, whether it is an individual or a legal entity. "Before taking any step", even if the operation is not that big, it is necessary to ensure that there is no liability that makes it unfeasible, concludes Renata
