Due diligence is a crucial step in any business deal. Due diligence is a process to verify the information regarding the business and ensure that the assets or transactions are secure. Conducting this manually can be expensive and time-consuming. However using a due diligence software solution, it’s possible to speed up the process and minimize risk.
The right solution should provide tools to visually examine, vet and continually monitor third parties. It will also allow you to keep complete audit trails and a central platform for all of your operations.
HyperComply is a complete due diligence software that enables users to simplify the entire process. It comes with a dashboard of the vendor along with a host of useful features, including document management, data analytics, collaboration tools, and more. The solution also comes with templates that can be customized to allow you to get quicker and more precise results. It is a great option for businesses that want to lower the risk of a data breach, and increase their security measures.
Whistic is another vendor due diligence program that aims to assist organizations speed up the process by automating tedious tasks, and by providing detailed security assessment templates. Whistic Trust Catalog contains information on the security policies of a multitude of vendors. This allows teams to review vendors without needing to send questionnaires and wait for responses. Whistic pricing information is available on request.
Intralinks, another popular software solution to conduct due diligence, offers numerous tools to manage the process. Its easy-to-use communication tools as well as a virtual data room central and unified reporting make it simple to manage. It is is avg antivirus any good equipped with tools to track the progress of projects, organizing meetings, and supporting decision-making.