Due diligence is a crucial aspect of any business deal. It’s an investigation that is carried out to verify the facts about a business, and it aids in ensuring the security of assets or transactions. This process can be time consuming and costly when done manually. However with a due diligence software application, it’s feasible to speed up the process and minimize the risk.
The ideal solution should offer tools to visually screen, vet and constantly keep track of third parties. It should also permit you to keep complete audit trails and a centralized platform for all your operations.
HyperComply is a comprehensive due diligence software that permits users to simplify the entire process. It has a dashboard for the vendor and provides a variety of useful features such as document management data analysis, collaboration tools, and more. The solution comes with templates that can be customized to help you get more efficient and accurate results. It is an excellent choice for businesses that wish to decrease the chance of data breaches and enhance security operations.
Whistic is another vendor due diligence software that aims to help organizations speed up the process by automating tedious tasks and providing comprehensive security assessment templates. Whistic Trust Catalog contains information about the security practices of a variety of vendors. Teams can evaluate vendors without submitting questionnaires and waiting for responses. Pricing information for Whistic is available upon inquiry.
Intralinks, another popular software solution for due diligence, offers a range of tools to manage the process. Its streamlined communication tools, centralized virtual data room, and unified reporting make it simple to manage the process. It comes with tools for tracking the progress of projects, coordinating meetings, and aiding in decision-making.