Due diligence is a vital aspect of any business transaction. It’s an examination done to verify information about the company, and it aids in ensuring the security of transactions or assets. This process can be very time-consuming and expensive if done manually. Due diligence software can simplify the process, while reducing the risk.
The best solution will provide tools to visually screen, vet and constantly monitor third parties. It should also permit you to keep complete audit trails as well as a central platform for all of your operations.
HyperComply is a complete due diligence tool that allows users to simplify the entire process. It includes a dashboard for the vendor, as well as several useful features, such document management data analytics, collaboration tools and more. The solution includes templates that are customizable that will help you achieve quicker and more precise results. It is an excellent option for businesses who wish to decrease the chance of a data breach, and enhance their security procedures.
Whistic is a vendor due diligence tool that automates time-consuming tasks, and offers detailed security assessment templates. Whistic Trust Catalog contains information about the security postures of a multitude of vendors. This allows teams to evaluate vendors look at here without submitting questionnaires and waiting for responses. Whistic pricing information is available upon request.
Intralinks is another popular due diligence software product that offers a wide range of tools to manage the process. Its simplified communications tools, virtual data room central and unified reporting make it easy to manage. It also has tools to monitor progress, coordinate meetings and facilitate decision-making.