Due diligence is a critical aspect of any transaction, whether it’s buying a house or purchasing a business. It can also be applied to weighing the pros and cons of a particular option in your personal situation, like considering the cost and benefits of various travel destinations, or choosing a college. Due diligence can be laborious and time-consuming, regardless of the method used. With the appropriate tools and procedures, it can be more efficient and productive.
Due diligence software can streamline most popular due diligence software systems the research and evaluation process for businesses by coordinating and centralized the information needed to assess a third party vendor. It could provide a range of options, including an indexable database of security forms, collaboration workspaces to allow teams to discuss and share documents, and the ability to personalize and automate tasks. Some vendors that provide the above features are HyperComply, Whistic, and SecurityScorecard.
SS&C Intralinks has become one of the most sought-after systems for due diligence available. It is available in five countries and offers many options, including a virtual data room and collaboration tools as well as reporting capabilities. It’s also ISO 27001 certified and GDPR compatible.
Due Diligence by SS&C Intralinks offers users centralized collaboration and communication tools, a virtual room, and a smartphone app. With its project management tools it can assist you to complete your requests in a fraction of as much time. Users can upload files of up to 2.5GB and benefit from features like drag-and-drop uploads, four levels of permissions and an in-built viewer.