Due diligence is an important step in any business deal. It’s an investigation that is performed to verify the authenticity of information about the business, and aids in ensuring the security of transactions or assets. This process can be very time-consuming and costly when done manually. However with a due diligence software program, it’s possible to streamline the process and minimize risk.
The ideal solution should offer tools to visually examine, vet and continually monitor third parties. It should also permit you to keep complete audit trails and a central platform for all your activities.
HyperComply is a comprehensive due diligence tool that allows users to simplify the entire process. It includes a dashboard for the vendor as well as a number of useful features, including document management data analytics, collaboration tools, and much more. The software also comes with an array of templates that can be customized for faster and more accurate results. It is a great option for companies who want to decrease the chance of a data breach, and enhance their security procedures.
Whistic is another vendor due diligence software designed to help companies speed up the process by automating tedious tasks and providing detailed security assessment templates. Whistic Trust Catalog contains information about the security practices of a multitude of vendors. This allows teams to assess vendors without sending questionnaires and waiting for responses. Pricing information for Whistic is available upon request.
Intralinks is another popular due diligence software product that offers a wide range of tools for managing the process. Its streamlined communication tools, centralized data room, and unified reporting allow you to easily manage the process. It also has tools to monitor the progress of projects organize meetings, and assist in decision-making.