Due diligence is a crucial element in any business deal. It’s an investigation performed to verify the authenticity of information about the company, and it aids in ensuring the security of transactions or assets. This process can be extremely time-consuming and costly if conducted manually. Due diligence software can speed up the process, while reducing the risk.
The best solution will provide tools to visually check, vet and continuously keep track of third parties. It should also offer complete audit trails and an all-encompassing platform to manage all of your activities.
HyperComply is a comprehensive due diligence software that permits users to simplify the entire process. It includes a dashboard for the vendor and a variety of useful features, including document management and data analytics, collaboration tools and more. The software also includes a library of customizable templates to speed up and provide more precise results. It is a great choice for businesses who want to lower the risk of data breaches and improve security processes.
Whistic is a vendor due diligence tool that can automate tedious tasks and offers detailed security assessment templates. Whistic Trust Catalog contains information about the security practices of a multitude of vendors. This allows teams to review vendors without having to submit questionnaires and wait for responses. Pricing information for Whistic is available upon request.
Intralinks is another well-known due diligence software solution which offers a broad range of tools to manage the process. Its streamlined communication tools, centralized data room and unifying reporting help to simplify managing the process. It also includes tools to track project progress as well as coordinate meetings and aid in the process of making decisions.
