Due diligence is an essential aspect of any transaction. Due diligence can be used to evaluate options in your personal life, such as evaluating the cost and benefits of different travel destinations or choosing a college. Whatever the case the due diligence process can be lengthy and time-consuming. With the proper tools and processes it can be more efficient and effective.

A due diligence software system can help businesses simplify the process of research and analysis by centralizing and organizing all of the data they need to evaluate the performance of a third-party vendor. It can provide a variety of features, including an indexable database of security forms, collaboration workspaces to allow teams to discuss and share documents, and the capability to customize and automate tasks. A few vendors that offer all of these features include HyperComply, Whistic, and SecurityScorecard.

SS&C Intralinks http://dataroomsolutions.info/most-popular-due-diligence-software-systems-in-the-market/ is one of the most well-known due diligence software systems on the market. It’s available in five countries and comes with various features, including a digital data room, collaboration tools, and reporting capabilities. It is also GDPR compliant and ISO 27001 certified.

SS&C Intralinks’ Due Diligence solution offers users centralized communication and collaboration tools that include a virtual data room as well as a mobile-friendly app. It can also help to complete requests in a half the time using its project management tools. Users can upload files of up to 2.5GB and benefit from features like drag-and drop uploads, four levels of permissions and a built in viewer.