Due diligence is a crucial part of any business transaction. It’s an investigation that is done to verify information about the company, and it assists in ensuring the safety of transactions or assets. This process can be time consuming and costly when done manually. However, with a due diligence software solution, it’s easy to streamline the process and reduce the risk.

The best solution will offer tools for visual screening, vetting and monitoring of third parties. It should also give you full audit trails, and a central platform for all your activities.

HyperComply, a comprehensive due-diligence software that lets users simplify their entire process. It comes with a dashboard for vendors and provides many useful features like document management and data analysis, as well as collaboration tools, and much more. The software also comes with an array of templates that can be customized to provide faster and more precise results. It is a great choice for businesses looking to decrease the chance of a data breach and increase their security measures.

Whistic is another vendor due diligence program that aims to help organizations speed up the process by automating time-consuming tasks and providing detailed security assessment templates. It also comes with the Whistic Trust Catalog which contains information about the security posture of thousands of vendors. Teams can evaluate vendors without having to send questionnaires and waiting for responses. Whistic pricing information is available on request.

Intralinks is another popular due diligence software that offers a range of tools to manage the process. Its streamlined communication tools, centralized virtual data room and unifying reporting make it easy to manage the process. It also has tools to track project progress to coordinate meetings and help with decision-making.

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