How can you industrialize and digitize your due diligence processes?
Since 2017 and the Sapin 2 law - and more specifically Article 17 thereof - large companies subject to this law have been obliged to implement an anti-corruption system or face financial penalties. Third-party assessment is one of the measures in this scheme.
However, given the number of THIRD PARTIES to be assessed and categorized, the diversity and volume of information to be collected and analyzed, and the multiplicity of internal players involved, handling this task is complex and time-consuming for companies.
Against this backdrop, the digitization and industrialization of due diligence processes offers a number of significant advantages for both companies and investors.
The industrialization and digitization of due diligence processes offer a number of significant advantages for companies, including
Automating repetitive tasks: digitization automates tedious, repetitive tasks such as document collection and verification, reducing the time needed to perform these tasks manually.
Rapid access to information: digital platforms centralize data and make it easily accessible, enabling information to be analyzed more quickly and efficiently.
Reduced human error: automation reduces the risk of human error that can occur during manual data processing.
Advanced data analysis: digital tools can incorporate advanced analysis technologies, such as artificial intelligence and machine learning, to identify potential risks and anomalies more accurately.
Traceability and auditability: digitized processes provide better traceability of actions and modifications to documents, facilitating internal and external audits.
Regulatory compliance: digital systems can be programmed to meet regulatory and legal requirements, ensuring ongoing, automatic compliance.
Operational savings: process automation reduces labor and paper management costs.
Time savings: by reducing the time needed to carry out due diligence, companies can close transactions more quickly, reducing the costs associated with delays.
Real-time collaboration: digital platforms enable different stakeholders to collaborate in real time, sharing information and documents instantly, improving communication and coordination.
Remote access: digital tools enable remote access, facilitating the participation of geographically dispersed stakeholders.
Continuous updating: digital solutions can be regularly updated to incorporate the latest regulations and industry best practices.
Adaptability: digitized systems can be adapted to the specific needs of each company or transaction, offering greater flexibility than manual processes.
Compliance For Business to simplify your due diligence processes.
With our solution, you can improve efficiency and accuracy in data processing, reduce costs and risks, while facilitating compliance and collaboration.
These advantages will make you more competitive in your decision-making.
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