Due diligence is a crucial aspect of 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 extremely time-consuming and costly when done manually. However using a due diligence software solution, it’s possible to streamline the process and reduce risk.

The right solution will provide tools for visual screening, vetting and monitoring third parties. It should also allow you to keep complete audit trails as well as a central platform for all your operations.

HyperComply, a full due-diligence software, allows users to simplify their entire process. It includes a dashboard for vendors and provides many useful features, including document management data analysis, collaboration tools, and more. The solution also comes with an array of templates that can be customized that will help you achieve quicker and more precise results. It is a great option for businesses who wish to decrease the chance of a data breach, and improve their security operations.

Whistic is another vendor due diligence software designed to aid organizations in speeding up the process by automating time-consuming tasks, and by providing detailed security assessment templates. Whistic Trust Catalog contains information regarding the security capabilities of a multitude of vendors. This allows teams to evaluate vendors without submitting questionnaires and waiting for responses. Whistic pricing information is available upon request.

Intralinks, another popular software solution for due diligence, comes with a variety of tools to manage the process. Its streamlined communications tools, virtual data room centralized Private Internet Access VPN rating and unified reporting makes it easy to manage. It comes with tools for tracking the progress of projects, organizing meetings, and facilitating decision-making.