Due diligence is an essential step in any business transaction. It’s an investigation that is performed to verify the authenticity of information about a business, and it assists in ensuring the safety of assets or transactions. Manually performing this process can be expensive and time-consuming. Due diligence software can speed up the process, minimizing the risk.
The right solution should provide tools to visually screen, vet and continuously monitor third parties. It should also enable you to maintain full audit trails as well as a central platform for all of your operations.
HyperComply is a complete due diligence software that enables users to simplify the entire process. It discover here comes with a dashboard of the vendor along with a host of useful features, such document management data analytics, collaboration tools and more. The software also comes with templates that can be customized to provide faster and more precise results. It is an excellent option for businesses that want to decrease the chance of a data breach and enhance their security procedures.
Whistic is another vendor due diligence tool that aims to aid organizations in speeding up the process by automating tedious tasks and providing comprehensive templates for security assessments. It also contains the Whistic Trust Catalog which contains details about the security practices of a multitude of vendors. This lets teams evaluate vendors without having to submit questionnaires and wait for answers. Whistic pricing information is available on request.
Intralinks, a popular software solution for due diligence, provides a range of tools to help manage the process. Its streamlined communication tools, centralized data room and unified reporting make it simple to manage the process. It is equipped with tools to track the progress of a project, scheduling meetings, and supporting decision-making.