Due diligence is a vital stage in any transaction. Due diligence can be used to weigh the pros and cons in your personal life, like evaluating the costs and benefits of various travel destinations or choosing a college. However, regardless of the application the due diligence process can be long and time-consuming. With the proper tools and processes, it can be more efficient and effective.
A due diligence software program can assist businesses in streamlining the process of conducting research and analysis by centralizing and organizing all of the information they require to evaluate a third-party vendor. It is able to provide a variety of features, such as a searchable database of security forms, a collaborative workspace that allows teams to collaborate on issues and files, and the ability to quickly customize and automate tasks. Some of the vendors that provide all of these options include HyperComply, Whistic, and SecurityScorecard.
SS&C Intralinks is one of the most well-known due diligence software systems on the market. It’s available in five countries and comes with an array of options, including a virtual data room along with collaboration tools and reporting functionality. It’s also GDPR-compliant and ISO 27001 certified.
Due Diligence by SS&C Intralinks offers users centralized collaboration and communication tools, a virtual space and a smartphone app. With its project management tools that can help you complete your requests in a fraction of as much time. Users can upload files up to 2.5GB, and use features like drag-and drop uploads, 4-levels of permissions, and an integrated viewer.