Due diligence is a crucial step in any business transaction. It’s a process performed to verify the authenticity of information about the company, and it helps to ensure the safety of transactions or assets. Conducting this manually can be costly and time-consuming. However thanks to a due-diligence software solution, it’s easy to streamline the process and minimize risk.
The best solution will offer tools for visual screening and vetting, as well as monitoring third parties. It will try this website also allow you to keep complete audit trails and a centralized platform for all your activities.
HyperComply is a complete due diligence software that enables users to simplify the entire process. It includes a dashboard for vendors and offers several useful features such as document management, data analysis, collaboration tools, and much more. The solution includes templates that are customizable to allow you to get faster and more accurate results. It is a good choice for businesses who wish to decrease the chance of a data breach, and improve their security operations.
Whistic is a different vendor due diligence program that aims to assist organizations speed up the process by automating time-consuming tasks and providing thorough templates for security assessments. It also contains the Whistic Trust Catalog which contains details on the security status of a multitude of vendors. This enables teams to assess vendors without having to send questionnaires and then wait for responses. Whistic pricing information is available upon request.
Intralinks is another popular due diligence software program that provides a variety of tools for managing the process. Its simplified communications tools and a virtual data room that is integrated and centralized reporting makes it easy to manage. It also includes tools to monitor the progress of projects to coordinate meetings and help with decision-making.