Due diligence is an essential part of any business transaction. It’s an investigation that is conducted to verify the information of the business, and aids in ensuring the security of transactions or assets. This process can be extremely time-consuming and costly if it’s done manually. However with a due diligence software application, it’s feasible to speed up the process and reduce the risk.
The ideal solution should offer tools that allow you to visually check, vet and continuously keep track of third parties. It should also provide you with complete audit trails, as well as a an integrated platform to manage all of your operations.
HyperComply is a complete due diligence software that permits users to simplify the entire process. It has a vendor dashboard along with a host of useful tools, including document management and data analytics, as well as collaboration tools, and more. The solution comes with a library with customizable templates to allow you to get more efficient and accurate results. It is a great choice for companies who want to reduce the risks of a data breach, and improve their security processes.
Whistic is a vendor due diligence tool that helps automate time-consuming tasks and provides thorough security assessment templates. It also includes the Whistic Trust Catalog which contains details on the security status of thousands of vendors. This lets teams evaluate vendors without submitting questionnaires or waiting for responses. Pricing information for Whistic is available upon inquiry.
Intralinks, another well-known software solution for due diligence, offers a variety of tools to manage the process. Its streamlined communications tools, virtual data room centralized and unified reporting makes it easy to manage. It also includes tools to monitor project progress organize meetings, and assist in decision-making.
