New functionality enables the automated tracking and verification of service provider relationships for the 20,000+ asset managers and their investors on the platform.
April 23, 2025, New York – DiligenceVault, the digital platform for investment due diligence, has announced the launch of its Service Provider Module. The new module is designed to centralize and automate the tracking, verification, and monitoring of third-party service provider relationships.
As asset managers increasingly outsource functions to third-party providers, tracking these dependencies has become a core diligence requirement. The Service Provider Module replaces manual, spreadsheet-based tracking and multi-party email verification with a standardized digital workflow.
Addressing Regulatory and Operational Requirements
The module arrives as global regulatory framework, including SEC Reg S-P, EU DORA, and APRA CPS 230, formalize the requirement for robust service provider oversight and risk management.
By using the Service Provider Module, firms can address these requirements through:
- A Centralized “Golden Record”: Integrating service provider relationships on DiligenceVault enables allocators to build a database of fund administrators, auditors, prime brokers, custodians, compliance consultants, lenders, MSPs, AI modal providers, and more while maintaining institutional-grade oversight.
- Automated Verification: The platform digitizes the confirmation process between allocators, managers, and service providers, removing the need for manual email chains to verify relationship details.
- Auditability of Changes: Allocators can systematically track the history of service provider changes, including the reasons for transitions or terminations.
- Fourth-Party Visibility: The module provides insights into subcontracting relationships, supporting compliance with modern ICT and operational risk standards.
The Network Advantage
DiligenceVault’s existing network includes over 20,000 asset managers already participating in diligence data exchange. This established ecosystem allows for a “one-to-many” data sharing model. When a manager updates their service provider information on the platform, the data is immediately available to all authorized allocators, creating a standardized source of truth for the industry.
“With the increase in outsourcing and expanded risk surface area with AI adoption, the role of service providers is a primary focus for both allocators and regulators,” said Monel Amin, Founder of DiligenceVault. “By integrating this module into our existing network of 20,000 managers, we are providing a standardized framework to verify these relationships and assess service provider quality efficiently and at scale.”
Key Module Capabilities
| Capability | How it Benefits |
|---|---|
| Relationship Maintenance | Managers update and maintain provider data in a single location for all allocators. |
| Historical Tracking | Records a full history of service provider changes and strategic rationales. |
| Automated Workflows | Streamlines the confirmation process directly with service providers via the platform. |
| Provider Reviews | Facilitates the review of provider capabilities, strengths, and weaknesses. |
About DiligenceVault
DiligenceVault is an AI-powered technology and diligence network that provides the infrastructure for data-driven due diligence. It enables allocators and asset managers to exchange information, manage complex workflows, and maintain institutional memory within a secure, centralized ecosystem, while powering their data extraction, risk review, and memo generation workflows with integrated AI. Asset managers leverage DiligenceVault’s AI autofill and robust collaboration features to manage their IR/RFP workflows.
For Media Inquiries:
Nivedita Shinde
Marketing Associate
Press@diligencevault.com