Everything you need to compete for the deal.
An offer form that mirrors the seller's declared preferences, real-time competitive position, and one shared workspace where every buyer-side document, data request, and comment lives.
Quality of Earnings, built into the deal.
The five-category QoE framework most SMB buyers learn the hard way — Revenue Quality, Expense Normalization, Working Capital, Customer Concentration, and Proof of Cash — runs in the same workspace. Bring in a CPA only if you want one.
Offer Builder.
A WINNING LOI
An offer form that mirrors the seller's declared preferences. As you fill it in, you see what the seller said matters — every cash-at-close target, every working-capital expectation, every timeline. No guessing about the LOI.
COMPETITIVE POSITION
After you submit, you see how your offer ranks per preference field — leading, competitive, or below median — without ever seeing other buyers' specific numbers or identities. Enough signal to revise. Not enough to break the auction.
Run the full QoE the day your LOI is accepted.
Diligence starts the day your LOI is accepted. Enter the seller's email, click send, and Evenhand requests the financials and walks the seller through what to share. No intake call with a CPA, no waiting weeks for an engagement letter.
QoE is the work most SMB buyers haven't done before. Evenhand tells you what to request, what to look for, and how to evaluate it across the five categories that matter on a small business deal — each with a structured checklist of what data to ask for, what good and bad answers look like, and what follow-up the data tends to surface.
Once data starts arriving, the platform handles the math. Revenue trends, gross margin, EBITDA margin, customer concentration, AR and AP aging, anomalies more than two standard deviations from a 36-month trailing mean. The conclusions stay yours.
Upload data in whatever format your seller sends — CSV, XLSX, or PDF. Bank statements, P&L, balance sheets, tax returns, AR aging. The platform extracts and maps columns automatically when it's confident, and asks for confirmation when it isn't.
Proof of Cash, properly.
Proof of Cash is where SMB diligence most often falls down. Owners commingle revenue, under-report cash, route deposits through personal accounts. Evenhand's Proof of Cash engine reconciles your P&L revenue to your GL sales accounts to actual bank deposits, period by period, and flags every variance above your tolerance threshold.
You write notes on flagged periods directly in the dashboard. The seller and broker see the same reconciliation in real time — no separate spreadsheet, no email back-and-forth.
Variance tolerance is configurable per deal. The default is 2%; you can raise or lower it without recomputing the analysis.
THE FIVE CATEGORIES
Revenue Quality — Trend, concentration, seasonality. What does the top line actually look like, beyond the headline number?
Expense Normalization — Owner compensation, related-party transactions, one-time items. The buyer enters every adjustment with a structured note. Nothing auto-generated.
Working Capital — AR aging, AP aging, inventory. What's the real working capital target, and where's the risk hiding in receivables?
Customer Concentration — Top-1, top-5, top-10 customer revenue share. Revenue at risk if a key customer leaves.
Proof of Cash — Reconciliation of P&L revenue to GL sales accounts to actual bank deposits, period by period. Twenty-four to thirty-six months of bank statements, with variance flagging on every period.
QOE ENGAGEMENT
Run your own Quality of Earnings.
Evenhand gives you the structured environment a CPA firm would set up to run QoE — the framework, the multi-format data ingestion, the trend and ratio and Proof of Cash analysis — but you run it yourself, on the deal you're chasing. Invite the seller to share financials into a secure shared environment. Bring your broker into the engagement. Add a CPA, attorney, or lender as a service provider when you need one.
Free to draft and submit LOIs. QoE workspace unlocks at $999 per deal or $2,999 annually.
What you get.
01 — COMPETITIVENESS
An LOI built off the seller's stated preferences and a per-field competitive read after you submit. Enough signal to revise without seeing any other buyer's numbers.
02 — EMPOWERED
The full five-category QoE in your hands, on the deal you're chasing — without a $20,000 CPA engagement to start. Bring one in only when you want a third party.
03 — TRANSPARENCY
One picture for you, the seller, and the broker. Data requests, diligence stages, and analysis update for every party at once. No 'where are we?' emails.
Service providers
CPAs, attorneys, bankers, lenders.
Bring your CPA, attorney, banker, or lender into the deal as a service provider. They see only the surfaces you grant them and only for as long as the engagement runs. If the seller side reaches for the same person, both sides are notified before any work begins, so a conflict of interest is surfaced in the open instead of after the fact.
What Evenhand isn't.
Evenhand isn't a marketplace. We don't list businesses for sale, and we don't have a feed of deals to browse. We also don't charge finder's fees or buyer fees — you pay for the QoE workspace if you use it, nothing else.
Evenhand gives you the same structured QoE framework a CPA firm would set up — yours to run on the deal you're chasing. Bring in a CPA only if you're not comfortable doing the analysis yourself. Your attorney still reviews terms and your lender still underwrites the financing. The platform handles the structure; the judgment is still yours.
Got an invitation to a deal?
Sign in with the email the broker sent your invite to.
Chasing a deal on your own? Start a QoE engagement.