Due diligence is a vital part of any business transaction. It’s an investigation conducted to verify the information of the company, and it aids in the protection of transactions or assets. This process can be time consuming and costly if conducted manually. Due diligence software can help streamline the process, minimizing the risk.

The best solution will provide tools to visually screen, vet and constantly monitor third parties. It will also provide complete audit trails, as well as a an integrated platform for all of your activities.

HyperComply is a complete due diligence software that allows users to simplify the entire process. It includes a dashboard for vendors and offers a range of useful features like document management, data analysis, collaboration tools, and more. The solution also provides templates that can be modified for faster and more accurate results. It is a great option for businesses looking to decrease the chance of a data breach, and improve their security processes.

Whistic is another vendor due diligence program that aims to aid organizations in speeding up the process by automating time-consuming tasks and providing thorough templates for security assessments. Whistic Trust Catalog contains information regarding the security capabilities of a variety of vendors. This allows teams to evaluate vendors without submitting questionnaires or waiting for responses. Pricing information for Whistic is available upon request.

Intralinks is another well-known due diligence software that provides a variety of tools to manage the process. Its easy-to-use vdr m&a communication tools, centralized virtual data room, and unified reporting allow you to easily manage the process. It also has tools to track project progress as well as coordinate meetings and aid in decision-making.