Due Diligence Dashboard is a reporting tool that allows monitoring and analyzing risks associated with all transactions and operations undertaken by organization. This tool uses a range of key performance measures and ratios (e.g. staff turnover, operational inefficiency, budget deficit rate, etc.) to display current status of business risks and make a forecast of future risk performance.
The purpose of using due diligence dashboard in business is to avoid risks through early risk analysis and responding. An organization gains a complete picture of threats and uncertainties that have an impact on business activities, including sales, negotiations, legal, partnering, marketing, administration, and others.
It helps avoid various types of business risk, including but not limited to:
- Financial risks, including client solvency issues, slow payments, failed transactions, fines, etc.
- Regulatory risks, including lawsuits, compliance violation sanctions, etc.
- Reputational risks, including brand value decline, customer loss, scandals, bad PR, etc.
- Technology risks, including obsolete systems, improper maintenance, lack of IT control, etc.