How to Choose the Right Due Diligence Software

Due diligence is an essential step in any business deal. It’s an investigation performed to verify the authenticity of information about the company, and it assists in ensuring the safety of assets or transactions. This process can be time consuming and costly if conducted manually. Due diligence software can simplify the process, while reducing risk.

The ideal solution will give you tools for visual screening for vetting, vetting and monitoring other parties. It will also allow you to maintain full audit trails, and provide a central platform for all of your operations.

HyperComply is a complete due diligence software that permits users to streamline the entire process. It comes with a dashboard for vendors, as well as several useful features, like document management and data analytics, collaboration tools and more. The solution also provides templates that can be customized to provide faster and more precise results. It is an excellent option for businesses that want to lower the risk of a data breach and improve their security operations.

Whistic is a different vendor due diligence software designed to assist organizations speed up the process by automating tedious tasks and providing detailed security assessment templates. Whistic Trust Catalog contains information on the security policies of thousands of vendors. This allows teams to evaluate vendors without submitting questionnaires and waiting for responses. Whistic pricing information is available upon request.

Intralinks, a different popular software solution for due diligence, comes with various tools to manage the process. Its simplified communications tools and a virtual data room that is centralized and unified reporting makes it easy to manage. It is equipped with tools to track project progress, coordinating meetings, and helping to make decisions.