Due diligence is a crucial step in any business deal. Due diligence is a process to verify the information regarding the business and to ensure that the transactions or assets are secure. The manual process of conducting this investigation is costly and time-consuming. Due diligence software can speed up the process, while reducing risk.
The best solution will offer tools for visual screening, vetting and monitoring third parties. It should also provide you with full audit trails, and an all-encompassing platform for all of your activities.
HyperComply is a complete due diligence software that permits users to simplify the entire process. It includes a vendor dashboard and provides a variety of useful tools like document management, data analysis, collaboration tools, and much more. The solution also comes with templates that are customizable to allow you to get quicker and more precise results. It is a great choice for businesses looking to decrease the chance of a data breach and increase their security measures.
Whistic is an instrument for vendor due diligence that can automate tedious tasks and provides thorough security assessment templates. Whistic Trust Catalog contains information regarding the security capabilities of a variety of vendors. This enables teams to assess vendors without having to send questionnaires and then wait for responses. Pricing information for Whistic is available upon request.
Intralinks is another popular due diligence software that offers a wide range of tools to manage the process. Its streamlined communications tools and virtual data rooms integrated and centralized reporting makes it easy to manage. It comes with tools for tracking project progress, coordinating meetings, and aiding in decision-making.