Deal-ready FDD reports, in minutes not weeks.
A quality of earnings analysis for anyone buying a small business, in about a minute.
Connect QuickBooks, Xero, NetSuite, or Sage. Or upload an Excel export. You get a 40-tab investment-banking-grade workbook with EBITDA bridge, flag log, and NWC analysis. No onboarding. No configuration. Just the report.
Less than $500 per deal. Money-back guarantee if you're not satisfied.
Supports all major accounting systems
Data-room-ready workbook in a couple minutes
Deals run
In flagged adjustments
Typical turnaround
Hours Saved Per Review
Traditional FDD is broken for lower-middle-market deals
2-4 Weeks
Traditional FDD takes weeks. Deals move fast. By the time you get the report, the window may have closed.
Hours of Manual Work
Manual workbook prep, period mapping, and add-back identification eat dozens of analyst hours per deal. Time you could be spending on judgment, not data entry.
Missed Red Flags
Many advisors skip thorough diligence on smaller deals or rely on manual Excel reviews that miss critical patterns.
What You Get
A professional FDD workbook, ready for your deal team
Your FDD Report Includes
- Executive summary with key findings and risk assessment
- Normalized financial statements (IS, BS, CF) across all periods
- Period-over-period variance analysis with explanations
- Automated flag detection: revenue spikes, expense anomalies, classification errors
- Cash-to-accrual reconciliation and discrepancy identification
- Customer and vendor concentration analysis
- Clean Excel workbook with labeled tabs, consistent formatting
What you walk away with
Built like Big-4.Delivered like software.
The diligence work product a senior team would put together for a multimillion-dollar deal. Ready to drop into your deal binder, in a couple minutes.
Inside the workbook
Pricing scales with how you work. One-off reports for occasional deals; subscription that pays back fast for active shops. Deals under LOI can add a line-by-line analyst review, a findings call, and a lender-ready summary letter. We'll quote what fits.
Try it on a real deal.
How It Works
Send Us the Data
Export from QuickBooks or Xero, or send us Excel files. We handle TB, P&L, balance sheets, and basically any format.
We Analyze
Our engine normalizes the financials, runs variance analysis, detects anomalies, and flags anything that needs attention.
Get Your Report
Receive a clean, professional Excel workbook in a couple minutes. Summary, findings, financials, flags. Ready for your deal team.
What Our Engine Catches
Not just numbers. The story behind them.
Revenue Concentration
A single customer drove 28% of March revenue. Without them, growth was flat.
Expense Misclassification
Contractor payments booked as COGS belong in SG&A, understating gross margin by 4 points.
Cash vs Accrual Gap
Cash basis reporting understated receivables by $180K. Accrual reconstruction reveals a different picture.
Seasonal Inconsistency
Q4 revenue pattern broke from prior years, suggesting a one-time event being presented as recurring.
Vendor Concentration
Top 3 vendors represent 72% of COGS. Supply chain risk not reflected in the narrative.
Working Capital Trend
DSO increased from 34 to 52 days over 12 months while revenue grew 8%. Collection issues emerging.
These are real examples of findings from our analysis engine, anonymized from actual engagements.
Built for everyone running a deal
Buy-side, sell-side, or the advisors in the middle. We built this for the part of the market the big firms ignore.
Search Fund Operators
Evaluate 50+ targets without blowing your diligence budget. Get signal before you spend $20K on a full QoE.
Screening 50+ targets
Independent Sponsors & Small PE
Do your initial diligence in-house without Big-4 fees. Use the report as a starting point; bring in specialists only where needed.
$1M–$50M deal size
Sell-Side M&A Advisors
Run your sell-side data room. Charge buyers for AI-powered Q&A access. Cleaner process, faster diligence cycles, better outcomes.
Sell-side process management
Accounting Firms
Deliver QoE-quality work to your sub-$20M-deal clients without losing money on the engagement. White-label or co-brand.
CPA / advisory white-label
What dealmakers say
turnaround compression
“We used to spend two days putting together a workbook before deciding whether to even submit an IOI. Now we run it the same morning the teaser hits our inbox.”
Partner, M&A advisory firm
in flagged add-backs we'd have missed
“The EBITDA bridge caught owner-perk items the seller's broker had buried in OpEx. Renegotiated the LOI based on the cleaner number.”
Independent sponsor, lower-middle market
more targets evaluated per quarter
“Pre-Zenith, I'd look at maybe two targets a quarter because the spreadsheet work was so painful. Now I run it on everything that lands and only spend real time on the ones with clean signals.”
Search fund principal
Accelerate the process, end to end.
Two pieces of the sell-side workflow that take the most time, both on the same platform. Move from sourcing to closed deal faster, with less handholding.
Sourcing
Auto-generated valuation reports
Pull a prospective seller's financials and Zenith drafts a short, market-anchored valuation report you can attach to outreach. Same workbook engine, repackaged for the top of the funnel.
Indicative valuation
Prepared for: prospective seller
- Cleanly formatted PDF or branded one-pager, ready to send
- Comparable multiples drawn from the relevant peer set
- Turns a cold list into a warm conversation in hours, not weeks
Data room
Self-serve buyer Q&A
Less-experienced buyers stall when their questions go unanswered. Give them an AI that's (optionally) informed by the deal so they can get accurate answers immediately. Keep more buyers moving toward an offer.
- Per-recipient access controls. Each buyer sees only what you allow.
- Answers grounded in the deal's actual financials, not guesses
- Fewer dropped processes, less management bandwidth burned
Wherever your clients keep their books
Direct API connects or file uploads. Whatever the seller has, we can read it.
QuickBooks Online
OAuth connect or export
QuickBooks Desktop
IIF, QBB, or Excel
Xero
OAuth connect or export
NetSuite
Direct export or API
Sage 50
Excel / CSV export
Sage Business Cloud
Direct export or API
Sage Intacct
Direct export or API
Excel / CSV
Trial balance, P&L, BS
Free diligence resources
Working a deal yourself? Start with these, no email required.
Due diligence checklist
A phase-by-phase checklist for buying a small business, from pre-LOI screening through closing. Free PDF included.
Open the checklistProof of cash template
A free Excel workbook with built-in variance formulas to reconcile bank activity to the books month by month.
Get the templateField guides
Short, role-specific screens you can run on a target before the process gets serious. PDF downloads, no email required.
Pre-LOI screening framework
The three quiet deal killers to screen before an LOI locks your leverage. Built for serial acquirers and search funds.
Download the guideAdd-on screen for holdcos and family offices
Three screens to run before the next add-on joins the consolidated P&L. Built for permanent capital that keeps what it buys.
Download the guideEquity-raise screen for independent sponsors
The three findings that stall an equity raise after your LOI is signed. Run it before your capital partners re-underwrite the target.
Download the guideExit-readiness screen for owners
The three findings buyers use to retrade your price, surfaced while you can still fix them before going to market.
Download the guideHave a deal in front of you? See it on a real deal.
Run a real FDD on a real deal. A couple minutes. Then decide if you want another.