Due diligence is an essential stage in any transaction. Due diligence can be used to weigh different options in your own life, like evaluating the cost and benefits of different travel destinations, or deciding on a college. Due diligence is time-consuming and lengthy, regardless of the purpose. With the proper tools and processes it can be more efficient and productive.
A due diligence software program can help businesses streamline the process of analysis and research by centralizing and organizing all the data they need to assess a third-party vendor. It is able to provide a variety of features, like an easily searchable library of security forms, a shared work space for teams to communicate and discuss issues as well as the ability to easily modify and automate tasks. HyperComply and SecurityScorecard are two companies that provide all of these capabilities.
SS&C Intralinks is one of the most popular due diligence software systems available on the market. It is available in five different countries and offers a variety of features like virtual rooms, collaboration tools, and reporting capabilities. It’s also GDPR compliant and ISO 27001 certified.
SS&C Intralinks’ Due Diligence solution offers users centralized communication and collaboration tools including a virtual data room as well as a mobile-friendly app. With its tools for managing projects it can assist you to complete your requests in half as many hours. Users can upload files up 2.5GB and make use of features like drag and drop uploads, 4-levels of permissions and an integrated viewer.
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