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How to Choose the Right Due Diligence Software

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Due diligence is an important part of any business transaction. Due diligence is a process to verify information about the company and to make sure that the transactions or assets are secure. This process can be time consuming and expensive if done manually. However using a due diligence software solution, it’s easy to streamline the process and reduce risk.

The best solution should include tools to visually examine, vet and continually monitor third parties. It should also allow you to maintain full audit trails and a central platform for all of your operations.

HyperComply is a complete due diligence software that allows users to simplify the entire process. It comes with a dashboard for vendors and provides many useful features like document management data analysis, collaboration tools, and much more. The software also includes an array of templates that can be customized to provide faster and more precise results. It is an excellent option for businesses looking to minimize the risk of a data breach, and improve their security processes.

Whistic is a vendor due diligence tool that helps automate time-consuming tasks and also provides comprehensive security assessment templates. Whistic Trust Catalog contains information on the security policies of a multitude of vendors. Teams can evaluate vendors without submitting questionnaires or waiting for responses. Pricing information for Whistic is available upon request.

Intralinks, another popular software solution for due diligence, provides various tools to help manage the process. Its efficient communication tools, centralized virtual data room and unified reporting make it simple to manage the process. It also includes tools to monitor progress, coordinate meetings and facilitate the process of making decisions.

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