“In the intervening time, hundreds of traders use spreadsheets or a proliferation of on-line survey instruments to ship their very own distinctive lists of due diligence inquiries to asset managers and GPs,” stated Addy. “Whereas increased worth questions could also be investor particular and materials to an funding determination, primary information – the primary 50% of due diligence – is similar for all allocators. But, for managers / GPs, many traders asking for a similar core information, however in barely alternative ways, creates monumental duplication and time burden for IR groups.”
DXC Transparency Stories transfer past spreadsheets and survey portals by utilising Fortress Corridor’s on-line app, DiligenceHub, to ship trade normal due diligence reference information.
“For traders, DXC allows in-house groups to maneuver up the diligence worth chain,” stated Anne Coady, Fortress Corridor’s managing associate. “ODD practitioners can use DXC Transparency Stories to establish dangers and quickly goal dialogue objects which are materials to their group’s funding determination – moderately than eat scarce time coping with baseline information gathering and verification.”