Why Should I Use FundsQ
Stop With
- Excel spreadsheet that lists basic provider information
- Electonic files spread in numerous network drives
- Manual checks of due diligence answers
- Store data in emails
- Exceed deadline to answer due diligence
Start With
- Formal system capable of handling the necessary review, documentation and supervisory tasks
- Conducting risk assessments to determine your critical providers
- Performing appropriate due diligence given the provider's risk rating
- Documenting issues & performance
- Actively monitoring & supervising your providers throughout the relationship
Features and Benefits
Due Diligence Simple Way
FundsQ has everything you need to automate your due diligence process. Delivered through a powerful Software-as-a-Service (SaaS) platform. FundsQ provides a full spectrum of tools to assess your providers and delivers powerful technology, actionable analytics, an elegant user experience, unparalleled workflow and system configuration and data security.
Efficiency
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Flexibility of the questionnaire
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Numerous type of questions
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Allowing data to be submitted once and then updated as needed
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Reducing time consuming processes around information gathering and maintenance
Save Time and Effort
- Simple & Easy to use platform
- All users on the same standard
- Have Providers upload documents directly in FundsQ
- Visualization of key issues using yellow and red flags
Centralize Your Providers
- Get an immediate picture of the Due Diligence in progress
- All your Providers, contracts & due diligence in one place
- Get everyone on the same page
- Unlimited document storage — replace your messy shared drive
Communication & Collaboration
- Provider may re-use their answers for other customers
- Use of standard due diligence template available for all customers
- Collaborate quickly and more effectively, and reduce time to market
Cloud Delivery
- Take advantage of the ongoing improvements of FundsQ
- Benefit from power of community
- Pay a transparent subscription fee instead of software licences and ongoing operating costs for on-premise software
Satisfy Your Auditors & Regulators
- Show your auditors a formal, comprehensive system
- Systematic approach for all Providers
- Assign detailed rights & roles for each user
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Run ad-hoc reports and save to Excel & PDF
How it works
Create and send Due Diligence with ease
Select a Provider and a Due Diligence questionnaire, define the deadline and the due diligence can be sent!
- From simple to sophisticated questionnaire
- 10 question types
- Define a Risk Review Report (validation checklist of the due diligence by the customer)
Provider answers Due Diligence online
- Main contact of the Provider may assign sections of the Due diligence to colleagues
- Re-use of answers from previous due diligence
- Monitoring of the progress of the Due Diligence
- Monitoring of all Due Diligences received
Monitoring and Analysis of the Due Diligence received
- Monitoring all Due Diligences in a blotter and checks the progress
- Analyses Due Diligence answers
- Claim correction from Provider
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