Due diligence is an essential element in any business deal. It’s an investigation that is carried out to verify the facts about the business, and helps to ensure the safety of transactions or assets. The manual process of conducting this investigation can be expensive and time-consuming. Due diligence software can streamline the process, while reducing the risk.
The ideal solution will give you tools for visual screening and vetting, as well as monitoring third parties. It should also provide you with complete audit trails, as well as a an all-encompassing platform for all of your operations.
HyperComply, a complete due-diligence software, allows users to simplify their entire process. It comes with a dashboard for vendors along with a host of useful tools, including document management and data analytics, collaboration tools, and more. The solution comes with a library with customizable templates to ensure more efficient and accurate results. It is an excellent choice for companies that want to decrease the chance of data breaches and improve security operations.
Whistic is a different vendor due diligence software designed to assist organizations speed up the process by automating time-consuming tasks, and by providing detailed templates for security assessments. It also contains the Whistic Trust Catalog which contains information on the security posture of thousands of vendors. This allows teams to assess vendors without submitting questionnaires or waiting for responses. Pricing information for Whistic is available upon inquiry.
Intralinks is another well-known due diligence software program which offers a broad range of tools for managing the process. Its efficient tools for communication as well as a virtual data room centralized and unified reporting makes it simple to manage. It also has tools to monitor progress, coordinate meetings and facilitate decision-making.
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