https://dataroomsolutions.info/maximizing-the-benefits-of-a-data-room-for-ma-due-diligence/

Due diligence is a vital step in any transaction, whether it’s purchasing a home or buying the business. It can also be applied to weighing options in a personal situation, like evaluating the cost and benefits of various travel destinations or selecting a school. Whatever the case the due diligence process can be long and time-consuming. With the appropriate tools and procedures, it can be more efficient and productive.

Due diligence software can help to streamline the research and evaluation process for businesses by coordinating and centralizing the data required to evaluate a third party vendor. It is able to provide a variety of features, such as an easily searchable library of security forms, a shared workspace for teams to discuss issues and share files as well as the ability to easily modify and automate tasks. Some vendors that provide the above features are HyperComply, Whistic, and SecurityScorecard.

SS&C Intralinks is one of the most well-known due diligence software systems available on the market. It is available in five different countries and comes with a range of features, including virtual rooms as well as collaboration tools and reporting capabilities. It’s also GDPR compliant and ISO 27001 certified.

Due Diligence by SS&C Intralinks offers users centralized collaboration and communication tools, a virtual room and a smartphone app. With its tools for managing projects it can assist you to complete your requests in half as many hours. Users can also upload files of up to 2.5GB and make use of a variety of features, including drag and drop uploads, 4-levels permissions, and an integrated viewer.