Due diligence is an important step in any business deal. It’s an investigation performed to verify the authenticity of information about a company, and it assists in ensuring the safety of assets or transactions. Conducting this manually can be costly and time-consuming. However using a due diligence software program, it’s possible to speed up the process and minimize the risk.
The best solution will include tools for visual screening, vetting and monitoring third parties. It should also enable you to keep full audit trails and a central platform to manage all your operations.
HyperComply, a complete due-diligence software, allows users to streamline their entire process. It has a dashboard for the vendor and provides a variety of useful tools like document management and data analysis, as well as collaboration tools, and much more. The software also includes an array of templates that can be customized to speed up and provide more precise results. It is a good choice for businesses that want to lower the risk of a data breach, and enhance their security procedures.
Whistic is a tool for due diligence of vendors that automates time-consuming tasks, and provides thorough security assessment templates. It also contains the Whistic Trust Catalog which contains information on the security posture of a variety of vendors. This enables teams to assess vendors without having to send questionnaires and wait for responses. Whistic pricing information is available upon request.
Intralinks is another popular due diligence software that offers a wide range of tools for managing the process. Its streamlined communication tools, centralized data room and unifying reporting make it simple to manage the process. It also has tools to monitor the progress of try this website projects organize meetings, and assist in decision-making.