Due Diligence Software – Insights You Can Rely On
With every new board member, vendor, client, or partner, comes new compliance risks. Run enhanced due diligence checks across Southeast Asia using trusted official-source ASEAN data. Apply relationship mapping and proprietary analytics to uncover ownership links, UBOs, and hidden risk indicators faster.
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Common Challenges
It’s Not That Straightforward
Verifying a counterparty means peeling back layer after layer of ownership. You need to trace ultimate beneficial owners (UBOs), identify nominee arrangements, and spot shell company indicators hidden across complex structures. Reliable screening requires visibility across multiple official data sources, especially when ownership structures, nominee arrangements, and shell company indicators span several jurisdictions.
It Costs You Too Much Time
Manually mapping directors, shareholders, and related-party connections across multiple Southeast Asia is slow work that drains compliance resources and slows onboarding, procurement, and investigation workflows.
You Don’t Have the Right Tools
You screen new vendors, clients, and partners regularly, but lack a self-service screening tool built for the region. You need one that covers ASEAN corporate data, surfaces ownership risks at scale, and helps teams identify hidden relationships before they become compliance issues.
Our Services
Cross-Check Your Data With Official Sources
Verify information provided by your partner, client, vendor or merchant against official corporate registry sources and exchange filings. As a trusted due diligence service provider, our platform connects to trusted registry and market data sources across APAC, supporting more reliable verification and screening workflows.
Outsource Reports to Our Experts
Our analysts deliver timely due diligence reports to corporations and Catalist Sponsors, drawing on our extensive corporate database alongside our knowledge and tools. Reports can be customised to your due diligence scope, risk focus, and reporting requirements, whether you are reviewing a single counterparty or screening multiple entities across a wider compliance exercise.
Run AI-Enhanced Background Checks
Our due diligence software does more than flag a name. It applies AI-powered relationship mapping and network mapping to identify ultimate beneficial owners, surface potential shell company indicators , and surface regulatory enforcement actions against the parties you are checking. This helps compliance and risk teams prioritise the ownership links, related-party relationships, and enforcement risks that require closer investigation.
Upgrade Your Compliance Toolkit
Add the Handshakes App to your compliance toolkit and perform enhanced due diligence and ownership screening workflows more efficiently across vendors, counterparties, and third parties.
The Due Diligence Check Process
1
Planning and Preparation:
Outline the objective and scope of the due diligence. As a due diligence platform built for Singapore and the wider region, Handshakes’ APP software draws on official company registry, litigation, and capital markets data across Asia, helping compliance and risk teams define screening scope, ownership review requirements, and investigation priorities from the outset.
2
Information Gathering:
Collect the financial information, shareholding structures, ultimate beneficial ownership (UBO) data, and legal documentation you need. Our due diligence database, a repository of Asia private markets data, gives access to reliable official records. Regulatory, enforcement, disciplinary, and beneficial ownership data can also be incorporated at this stage to support more comprehensive screening.”
3
Analysis and Evaluation:
Analyse what you have gathered to identify potential risks and opportunities. This is where Handshakes’ APP mapping capabilities and AI-powered tools strengthen the work. Relationship mapping across companies and people can confirm beneficial ownership, flag shell company indicators, and surface shell company indicators, potential conflicts of interest, hidden ownership links, and possible fraud risks.
4
Reporting and Documentation:
Summarise the findings in a comprehensive due diligence report. Handshakes offers a range of formats, from standardised Business Profile and Financial Reports to proprietary Regulatory, Enforcement and Disciplinary (RED) List, including bulk vendor screening reports, ownership risk reporting, and relationship-mapping outputs for teams reviewing large counterparty populations.
5
Post-Due Diligence Actions:
Act on the findings to drive informed decisions. Continuous monitoring matters here: Handshakes’ alert service keeps you informed when UBOs, shareholders, or related-party relationships change in official data, supporting continuous monitoring workflows so emerging ownership or related-party risks do not go unnoticed after onboarding.
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
Frequently Asked Questions About Due Diligence Software
“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.
Yes. Handshakes is built to screen large vendor and counterparty lists at scale, not just one name at a time. You can run bulk due diligence screening across your supplier base and allow the platform to automatically surface ownership red flags, related-party relationships, shell company indicators, and regulatory enforcement risks at scale.
Continuous monitoring then alerts you when relevant official data changes, so periodic re-screening does not have to be a manual exercise.
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 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.
Relevant solutions
Due diligence reports, done for you
Our team of analysts draw from our extensive data, combining analytics 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
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.