Due diligence software is a specialized digital tool used https://vdrservices.info/a-new-wave-of-enterprise-ready-due-diligence-software to streamline workflows when conducting comprehensive investigations and evaluations before making acquisitions, investments or mergers. It’s primarily for financial institutions such as venture capital companies and investment banks, but also other companies that must perform high-priority transactions. This includes healthcare, biotech licensing M&As, intellectual properties management and other business processes that require a thorough examination of the buyer’s history.
Depending on the type of due diligence you are conducting You can pick from a variety of vendors that offer features that will meet your needs. HyperComply, Whistic and others are among the vendors that offer these features. HyperComply simplifies due diligence of vendors through automated tasks and detailed questionnaire templates. It also comes with e-signature functionality to speed up the approval process of agreements and documents. It also includes a variety of intuitive Q&A features that allow effective communication between teams, and ensure that all questions are addressed, eliminating any ambiguity.
Another top seller is Whistic the tool that facilitates due diligence on vendors by providing a variety of security assessment templates as well as an inventory of over 1,000 vendors that have already been vetted. It also comes with a graphic dashboard that provides a quick overview of ongoing and triggered reviews. It also allows you to track notifications, manage issues, and provide answers in advance.
Another option for a due-diligence platform is Midaxo, which has an initial trial for free and numerous features that include a mobile app, document upload limits as well as watermarking tools, collaboration tools and more. It is used by a range of businesses including wealth management groups and asset managers.
