Due diligence is an essential step in any business deal. It’s an investigation performed to verify the authenticity of information about the business, and helps to ensure the safety of transactions or assets. Manually performing this process is costly and time-consuming. However with a due diligence software solution, it’s possible to speed up the process and minimize risk.
The ideal solution will give you tools for visual screening and vetting, as well as monitoring third parties. It should also permit you to keep full audit trails and a central platform for all of your operations.
HyperComply is a comprehensive due diligence tool that allows users to simplify the entire process. It comes with a dashboard for vendors, as well as several useful features, such document management and data analytics, as well as collaboration tools, and much more. The software also comes with templates that can be customized for faster and more accurate results. It is an excellent choice for businesses looking to decrease the chance of data breaches and improve security processes.
Whistic is a vendor due diligence tool that can automate tedious tasks and provides thorough security assessment templates. It also comes with the Whistic Trust Catalog which contains information about the security posture of a multitude of vendors. This enables teams to assess vendors without needing to send questionnaires and wait for answers. Whistic pricing information is available upon request.
Intralinks is another popular due diligence software program that offers a wide range of tools for managing the process. Its simplified communication tools, centralized virtual data room and unified reporting make it easy to manage the process. It comes with tools for tracking the progress of projects, organizing meetings, and supporting decision-making.