Due Diligence Software –
Insights You Can Rely On
With every new board member, vendor, client, or partner, comes new compliance risks. Perform enhanced due diligence checks quickly, with reliable data sourced directly from our database.
ON THIS PAGE
Common challenges
It’s Not That Straightforward
Verifying the reliability of your data and performing enhanced background checks require peeling back multiple layers and access to multiple data sources.
It Costs You Too Much Time
Discovering a company or person’s connections takes more time than you can afford.
You Don’t Have the Right Tools
You have to perform regular background checks on new parties, but lack a self-service tool that’s easy to use.
Our Services
Cross-Check Your Data With Official Sources
Verify information provided by your partner, client, vendor or merchant with official corporate registry sources and exchange filings. As a trusted due diligence service provider, our database covers Singapore, Malaysia, Vietnam, China, and Thailand.
Outsource Reports to Our Experts
Our ability to deliver timely due diligence reports to corporations and Catalist Sponsors is supported by our extensive corporate database, coupled with our knowledge and tools.
Run Enhanced Background Checks
Leveraging on our AI due diligence software, we help you identify and evaluate risks associated with the other party by surfacing regulatory actions that require your attention.
Upgrade Your Compliance Toolkit
Add the Handshakes App to your compliance toolkit and perform background checks whenever you need.
The Due Diligence Check Process
1
Planning and Preparation:
Outline the objective of the due diligence. Handshakes’ APP software supports the due diligence process by accessing the official company registry, litigation, and capital markets data across Asia, helping teams establish relevant scope and objectives.
2
Information Gathering:
Collect relevant financial information, shareholding structures, beneficial ownership , and legal documentation. Our due diligence database, a repository of Asia private markets data, provides instant access to reliable official records, streamlining this step. Intelligence such as regulatory, enforcement & disciplinary (RED) records are also available.
3
Analysis and Evaluation:
Analyse the gathered information to identify potential risks and opportunities. This is where Handshakes’ APP mapping capabilities and AI-powered tools can help enhance the analysis process. Relationship mapping between companies and people through the APP can identify beneficial ownership, surface potential conflicts-of-interest and possible fraud.
4
Reporting and Documentation:
Summarise the findings in a comprehensive due diligence report—Handshakes offers various reporting services, from standardised Business Profile and Financial Reports to proprietary Regulatory, Enforcement and Disciplinary (RED) List and other customised in-depth screening reports based on your needs.
5
Post-Due Diligence Actions:
Implement necessary actions on the findings of the due diligence process to drive informed business decisions. Continuous monitoring of entities and shareholders forms an important part of this process and Handshakes offers alert services to keep clients informed when changes to official data are reported.
Types of Due
Diligence Checks
Our Due Diligence Software is suitable For
- Financial Institutions
- Legal Firms
- Corporate Risk Management
- Procurement Departments
- Government Agencies
- Investment Firms
Relevant solutions
Due diligence reports, done for you
Our team of analysts draw from our extensive data, combining analytics and and due diligence tools to derive a comprehensive picture for your organisation or clients.
Prefer a do-it-yourself App solution?
Our Handshakes App gives you the flexibility of discovering connections at your own time.
Our clients
Frequently asked questions
“Hard” due diligence refers to the analysis of quantifiable data such as financial statements, legal documents, contracts, and other verifiable records. Its focus is on factual analysis and objective assessment, for example financial due diligence might entail analysing a company’s balance sheet, income statement, and cash flow statements.
“Soft” due diligence focuses on qualitative aspects, like company culture, management style, personal reputation, and value alignment. It’s about understanding the intangible factors that can influence the success of a partnership or acquisition, for example assessing the compatibility of two company cultures before a merger, or evaluating the reputation of a potential vendor in the industry. It can involve interviews, site visits, and reviews of media coverage.
The duration of a due diligence process can vary significantly depending on the complexity and scope of the transaction. For a simple vendor background check, it might take a few days, while a complex merger or acquisition could take several months. Factors influencing the timeline include the size of the companies involved, the availability of information, and the number of stakeholders.
Handshakes’ due diligence software and mapping analytics significantly reduce the time spent on data collection and analysis, accelerating the process. Our due diligence software provides instant access to a comprehensive database of reliable corporate information, eliminating the need for manual data collection from multiple sources. While a mapping capabilities analytics feature helps visualise complex relationships between entities, allowing for rapid identification of potential risks.
Additionally, our AI-powered tools can quickly analyse large volumes of data, such as legal documents and news articles, to identify relevant information and monitor red flags.This automation reduces the time spent on data gathering and analysis, allowing due diligence teams to focus on strategic decision-making.
A due diligence checklist is a comprehensive document that outlines the steps and information required for a thorough due diligence process. It ensures that all critical areas are examined and no important details are overlooked. The checklist typically includes sections covering financial, legal, operational, and human resources aspects of the target company or transaction; it can also be customised based on the specific requirements of each transaction and industry.
Learn more about effective due diligence tools and strategies in our blog, such as conflict check software and corporate background check services.
We hope you have found the FAQ useful. If your questions are not addressed here, please do not hesitate to reach us at enquiries@handshakes.com.sg and our consultants will be glad to assist you further.
To see if our solutions are the right fit
Request for a demo or speak with us to tailor the right solution for your organisation.