Due Diligence Software

Due diligence software is a specific digital tool that helps streamline procedures for conducting thorough evaluations and investigations prior to making acquisitions, investments, or mergers. This software is typically used by financial institutions such as venture capital companies, investment banks and other businesses who need to conduct high-priority deals. These include healthcare biotech, life sciences, licensing and partnership, M&A, intellectual property management and other business processes that require a thorough investigation of the buyer company’s history.

Based on the type of due diligence process you’re conducting, you can choose from a variety of vendors that provide specific features that meet your requirements. HyperComply, Whistic and others are among the vendors who offer these features. HyperComply is designed to simplify vendor due diligence by automating tedious tasks and supplying detailed questionnaire templates. It also has e-signature capabilities to speed up document approvals and agreements. It also includes a variety of intelligent Q&A features that facilitate efficient communication between teams and ensure that all questions are and answered, thus avoiding any confusion.

Whistic is another top-rated vendor. It helps streamline due diligence for vendors by providing the database that includes over 1,000 vendors who have been assessed. It also has a visual dashboard that gives an instant overview of ongoing and scheduled reviews. It can also monitor alerts, manage issues, and prepare responses.

Midaxo is a different alternative to a platform that performs due diligence. It offers a free trial, as well as various features such a new wave of enterprise ready due diligence software as a mobile application as well as limits on uploading documents and collaboration tools. It is used by a variety of businesses, including wealth management firms and asset managers.