Due diligence software is a digital tool used to streamline the process of conducting extensive analyses and assessments prior to making acquisitions, investments or mergers. This software is mostly used by financial institutions such as venture capital companies, investment banks, and other businesses who need to conduct deals with high priority. These include healthcare biotech, life sciences, licensing and partnership, එම්&A, intellectual property management and other business processes that require a thorough investigation of the background of the buyer’s company.
Depending on what type of due diligence you’re conducting, you can choose from a number of vendors that offer features that can meet your requirements. Some of these include HyperComply and Whistic. HyperComply is designed to make it easier for vendor due diligence by automating tedious tasks and supplying detailed questionnaire templates. It also includes e-signature capabilities to speed approval of documents and agreements. In addition, it includes an intuitive Q&A tool that allows efficient communication between teams. It also ensures that all questions are answered in a timely manner and without ambiguity or risk.
Whistic is another top-rated vendor. It streamlines due diligence for vendors by providing an extensive database of more than 1,000 vendors that have been assessed. It also comes with a graphic dashboard that gives a quick overview of the current and triggered reviews. It also tracks notifications, handle issues and pre-populate answers.
Another option for a due-diligence platform is Midaxo it comes with free http://vdrservices.info/ trials and a wide range of features that include a mobile app limit on uploads of documents and collaboration tools, watermarking and much more. It is used by a range of companies, including wealth management firms and asset managers.