Due Diligence Software

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Due diligence is a vital aspect of making high-risk decisions such as purchasing a home, choosing an institution of higher learning, or purchasing the right business. It’s an essential aspect of life whether you’re deciding on an app, assessing the safety of a brand new restaurant, or choosing your next job. It is important to be well-prepared and knowledgeable when making any decision. This includes analyzing all positive and negative aspects from every angle. Due diligence software can assist.

HyperComply is designed to streamline the process of conducting due diligence on vendors. It includes tools for automation, questionnaire templates and collaborative features. It also makes it easy for procurement teams to evaluate vendors’ security posture thanks to its machine-learning algorithms that automatically fill out security questionnaires with an accuracy of 90% or more.

Another solution that is gaining popularity is Nexis Diligence, which helps companies monitor third parties and reduce risks. Users can search for more than 1.4 millions individuals, monitor the list of sanctions for the country and find politically exposed people (PEPs). Nexis Diligence can also help companies to screen potential employees by looking up their background, social media accounts and criminal records, as well as education, and more.

Other due diligence programs like CENTRL’s DD360 allows organizations to centralize the search, filtering and filtering of documents such as assessments and issues. It lets users collaborate within their organization and with outside parties while maintaining full audit trails and controlling access. DD360 offers dashboards and reports to highlight risk, exceptions, and more. It is used by OCIOs, asset owners, wealth management groups and more.