Due diligence is an essential part of any business transaction. It’s an investigation carried out to verify the facts about the company, and it assists in ensuring the safety of transactions or assets. The manual process of conducting this investigation is costly and time-consuming. Due diligence software can streamline the process, while reducing the risk.
The ideal solution will give you tools for visual screening and vetting, as well as monitoring third parties. It should also give you complete audit trails and a central platform for all your operations.
HyperComply, a comprehensive due diligence software, enables users to streamline their entire process. It comes with a dashboard for vendors and a variety of useful features, including document management and data analytics, as well as collaboration tools, and more. The solution also comes with templates that are customizable to ensure faster and more accurate results. It is an excellent choice for companies that want to lower the risk of a data breach and improve security operations.
Whistic is a different vendor due diligence software designed to help companies speed up the process by automating time-consuming tasks, and by providing detailed templates for security assessments. Whistic Trust Catalog contains information regarding the security capabilities of a variety of vendors. This allows teams to assess vendors without submitting questionnaires and waiting for responses. Pricing information for Whistic is available upon inquiry.
Intralinks, another well-known software solution for due diligence, comes with a range of tools to help manage the process. Its efficient communication tools, centralized data room and unified reporting allow you to easily manage the process. It has tools for tracking the look at here progress of a project, scheduling meetings, and supporting decision-making.