Due diligence is an important aspect of any business deal. Due diligence is an investigation to verify information about the company and to make sure that the assets or transactions are safe. Conducting this manually is costly and time-consuming. Due diligence software can streamline the process, minimizing risk.
The right solution will provide tools for visual screening and vetting, as well as monitoring third parties. It should also provide you with full audit trails, and a central platform to manage all of your operations.
HyperComply, a comprehensive due diligence software, lets users simplify their entire process. It has a dashboard for the vendor and provides a variety of useful features, including document management and data analysis, as well as collaboration tools, and more. The software comes with templates that are customizable to ensure more efficient and accurate results. It is a great choice for businesses who want to reduce the risk of data breaches and enhance security operations.
Whistic is another vendor due diligence tool that aims to aid organizations in speeding up the process by automating tedious tasks and providing detailed templates for security assessments. It also contains the Whistic Trust Catalog which contains details on the security status of a variety of vendors. Teams can evaluate vendors without submitting questionnaires and waiting for responses. Pricing information for Whistic is available upon inquiry.
Intralinks is another popular due diligence software solution that offers a range of tools to manage the process. Its simplified communications tools and a virtual data room that is integrated and centralized reporting makes it simple to manage. It also has tools to track project progress organize meetings, and assist in decision-making.