Published 27 Jul 2023
Free version: Available for teams of up to 10
Pricing: Premium plan $24/month (with a free 30-day trial period)
Platforms supported: Available on mobile app (iOS and Android) or a web-based software
Why use SafetyCulture?
SafetyCulture is an industry-leading cloud-based inspection solution used when conducting investigations before making invaluable mergers or investments. The platform offers numerous due diligence templates (e.g., legal, financial, asset, and operational) that managers or auditors can use when reviewing historical records of third-party groups. These downloadable templates can be converted into comprehensive reports that enable data-driven decision-making, ensuring the success of any venture they engage in.
Why use Riskonnect?
This integrated GRC (Governance, Risk, and Compliance) solution can be utilized for due diligence investigations since it allows firms to consolidate risk-related information and map it out to foresee probable outcomes.
Free version: None
Pricing: Available upon request (free demo provided)
Platforms supported: Web
Why use DiliTrust Governance Suite?
This all-in-one governance platform offers a complete range of digital tool that helps companies guarantee financial and legal transparency, mitigate risks, and comply with regulations. With its improved communication functionality and overall workflow automation, DiliTrust Governance Suite is the go-to solution when conducting due diligence.
Platforms supported: Web, On-premise, iOS, Android
Why use Resolver?
This cloud-based GRC solution helps organizations detect risks during due diligence activities to handle possible uncertainties and make the best decision for their company during mergers or when making new investments.
Pricing: Available upon request
Why use Ideagen?
This GRC platform helps companies protect their people, clients, and operations by allowing full collaboration among stakeholders, automating review and reporting, and improving risk mitigation when conducting due diligence activities.
Platforms supported: Web, iOS, Android
Why use Quentic?
This platform integrates EHSQ (Environment, Health, Safety, and Quality) and ESG (Environment, Social, and Governance) so that due diligence reviews are efficiently conducted and subsequent reports are promptly generated.
Pricing: Available upon request (free demo offered)
Why use StandardFusion?
This integrated GRC solution helps companies conduct internal and external audits so they can effectively identify possible risks and plan mitigation strategies before signing up any third-party vendor or service provider.
Pricing: Starts at $1,500 per month for 3 practitioners (with a 14-day free trial)
Platforms supported: Web, On-premise
Due diligence software is a specialized digital tool that automates various workflows when conducting comprehensive investigations and evaluations before mergers, acquisitions, or investments are undertaken. While the software is traditionally for financial institutions like venture capital firms and investment banks, this may be used by companies in other sectors like manufacturing, retail, and healthcare as this presents accurate data about any high-priority transactions, analyzes information, and helps managers and top administrators make better decisions to benefit their business and stakeholders.
There is nothing more labor intensive than undertaking due diligence. But evaluating the assets and liabilities of a potential partner or the pros and cons of a particular product or service is critical to the success of any venture. Aside from making the task faster and easier, here are the other benefits of employing a digital solution.
Due diligence software may be a stand-alone application or a module of a more comprehensive management or GRC platform. Whichever your company goes for, make sure that it has the essentials:
The digital solutions detailed above will be beneficial to your company when conducting due diligence activities. Take another look at the seven top-rated options below before deciding which is the best due diligence software for you:
Eunice Arcilla Caburao
Eunice is a content contributor for SafetyCulture. A registered nurse, theater stage manager, Ultimate Frisbee athlete, and mother, Eunice has written a multitude of topics for over a decade now.