How to Automate Due Diligence Questionnaires
A Complex DDQ Can Slow Down Any Deal
Chances are you’ve run into the dreaded Due Diligence Questionnaires (DDQ). If you haven’t imagine this scenario – you’re working in sales and a deal is about to close, when all of a sudden you get a 200-question document that you have to fill out. It’s a painful manual process and you don’t even know where to get all the information you’re looking for.
If you’ve ever filled out a complex DDQ, you know that half the battle is looking for answers to questions you’ve never been asked before. Manually writing the response is painful enough, but the search for knowledge is what really slows things down. In fact, we’ve found that searching for answers is the biggest factor in slowing down questionnaire responses. Ideally, this process should be automated.
How to Automate DDQ Responses with AI
In this demo, we show how we’re able to upload a due diligence questionnaire and automatically generate answers with 1up. These answers are coming from the 1up Knowledge Base, which consists of thousands of URLs that we’ve connected, as well internal company documents and previously completed questionnaires. The best responses use a mix of PDFs, RFPs, and due diligence documents such as our KYC policy, AML policy, ABC policy, and much more.
What 1up does really well is it connects all this knowledge to quickly generate answers to due diligence questions. So you don’t need to go looking for that information or searching through a big knowledge base for the different sources. 1up takes a new approach to RFP AI, by providing answers that you know are accurate and are coming from a knowledge base that you already connected.
Want to answer your sales team’s due diligence questionnaires 10x faster? Try 1up for Free.
Find Out How Tellennium Streamlined Questionnaires
Tellennium gets a high volume of complex diligence questionnaires. Find out how they automated the response process and more than doubled their capacity with 1up.
What elements do I need to generate an AI DDQ?
You’ll need to load up your 1up knowledge base with company policies, product documentation, and any due diligence materials you typically use to write these responses. The 1up knowledge base allows you to store hundreds of knowledge sources such as web URLs, PDFs, Word Documents, Spreadsheets, and more. 1up also connects with your data repositories such as Confluence, Google Drive, Sharepoint, and many more.
How is 1up different from due diligence automation software?
1up is laser-focused on generating high quality answers to due diligence questionnaires. While there are many tools out there for building questionnaires and project managing responses, 1up is purpose-built to generate fast accurate DDQs. We use a combination of fine-tuned language models, unique automation techniques, and an easy-to-use interface to make the DDQ response process easier for companies of all sizes.
How does 1up ensure responses are accurate?
Using Generative AI for DDQs is risky, especially when it comes to hallucinated answers. 1up is solely focused on understanding your company, products, and processes. 1up is not allowed to write answers unless they come from accurate data source you trust – this is how 1up generates honest, accurate responses.
Does 1up proofread due diligence questionnaires?
Yes, 1up automatically proofreads responses to guarantee grammar, spelling, and punctuation are on point. 1up even supports multiple languages so you can rest assured your responses are always best-in-class.
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