Due diligence is a crucial part of any business transaction. It’s a process carried out to verify the facts about the company, and it aids in ensuring the security of assets or transactions. This process can be extremely time-consuming and costly if conducted manually. Due diligence software can simplify the process, minimizing the risk.
The best solution will include tools for visual screening and vetting, as well as monitoring third parties. It should also allow you to keep full audit trails as well as a central platform to manage all your operations.
HyperComply is a comprehensive due diligence tool that allows users to simplify the entire process. It includes a vendor dashboard and provides many useful features such as document management, data analysis, collaboration tools, and much more. The solution includes templates that can be customized to allow you to get faster and more accurate results. It is a great choice for companies who want to minimize the risk of a data breach and improve their security operations.
Whistic is a different vendor due diligence software designed to aid organizations in speeding up the process by automating time-consuming tasks and providing detailed templates for security assessments. It also contains the Whistic Trust Catalog which contains information on the security posture of a variety of vendors. This lets teams evaluate vendors without having to send questionnaires and wait for responses. Pricing information for Whistic is available upon request.
Intralinks is another popular due diligence software product that offers a wide range of tools to manage the process. Its streamlined communications tools as well as a virtual data room integrated and centralized reporting makes it easy to manage. It also has tools to monitor project progress organize meetings, and assist in decision-making.