Transforming Due Diligence And Reporting With DiligenceVault: An End-To-End Solution For Allocators

Did you know that the average diligence analyst spends roughly 37% of their time hunting through emails, files, and spreadsheets? It’s the corporate equivalent of searching for a sock in the dryer—time-consuming, frustrating, and somehow, you’re still missing the pair.

Luckily, DiligenceVault is here to save the day (and your socks). By bringing efficiency, intelligence, and a sprinkle of tech wizardry to your due diligence process, it turns chaos into clarity and gives your team superpowers they didn’t even know they needed.

The Traditional Workflow: A Comedy of Errors

Let’s take a look at how many of us (used to) do due diligence. Spoiler alert: It’s like trying to build IKEA furniture without the instructions.

1. Step One: Play Email Tag
   Draft due diligence questionnaires in Word or Excel, fire them off to asset managers and service providers, and wait. Then wait some more. Oh, and don’t forget the “just checking in!” emails. (Fun fact: The average follow-up email is ignored for 3.5 days. Thanks, Jake from Forever Alpha.)
2. Step Two: Review the Responses
   When due diligence responses finally roll in, you spend hours combing through them, flagging issues, and making notes like, “Is this a red flag or just bad grammar?”
3. Step Three: Herd Cats (aka Your Team)
   Share updates with colleagues via email chains, track follow-ups in a labyrinth of spreadsheets, and pray nobody replies-all with the wrong attachment.
4. Step Four: Start the Report from Scratch
   Copy-paste data from 14 different sources, write new sections, and then rewrite them because Janice wanted it to sound more “punchy.”
5. Step Five: Finalize (Finally!)
   After weeks of back-and-forth, you save the summary report PDF on the shared drive, where it quietly joins the graveyard of forgotten reports.

The DiligenceVault Workflow: Work Smarter, Not Harder

With DiligenceVault, you’ll go from “Why is this taking so long?” to “Wow, I finished early enough for lunch!” Here’s how:

1. Automated Questionnaire Delivery
   Ditch the endless email chains. Use DiligenceVault’s template builder to create smart, reusable questionnaires. Need ideas? Pull from industry-standard templates ILPA, AIMA, INREV, PRI, and 15 others, tweak them, and hit send.
2. Built-In Asset Manager Tracking
   No more wondering if the manager ghosted you. DiligenceVault tracks responses, flags late submissions, and sends reminders—automatically. Additionally, with DV’s industry-leading manager adoption, get peace of mind around the response rate and response quality.
3. AI: Your New Best Friend/Assistant
   Use generative AI to summarize complex responses or draft report sections. Imagine having an intern who never sleeps, doesn’t ask for coffee breaks, and always spells “fiduciary” correctly.
4. Team Collaboration Without the Chaos
   Invite colleagues to review sections, add comments, and track edits—all within the platform. (Pro tip: Assign tasks to Janice directly, so she can make things “punchy” herself.)
5. Reporting Made Easy
   Export polished, branded reports in Word with just a few clicks. Bonus? All your data stays on the platform for future reference, analytics, or just showing off how organized you’ve become.

Fun Diligence Facts (Because Why Not?)

1. Fact #1: The word “diligence” comes from the Latin diligentia, meaning “carefulness” or “attentiveness.” Now imagine explaining your 27 open spreadsheets to a Roman philosopher.
2. Fact #2: Studies show that automating repetitive tasks like data entry can reduce errors by 90%. That’s 90% fewer chances to accidentally write “asses under management” in a report.
3. Fact #3: DiligenceVault users report saving up to 70% of their time compared to manual processes. What would you do with an extra 70%? (We vote for naps and snacks or learning all about Gen AI.)

The Bottom Line: Adopt DiligenceVault Firmwide

In the world of due diligence, it’s easy to feel like you’re running a hamster wheel of emails, spreadsheets, and reports. DiligenceVault helps you step off that wheel and into a streamlined, data-driven workflow that’s as efficient as it is intelligent, and for your whole firm across manager research, ODD, sustainability, compliance, legal, and tax teams.

So, if you’re tired of feeling like a part-time detective and full-time copy-paste machine, it’s time to make the switch. Adopt DiligenceVault—because you have better things to do than chase Jake from Compliance.