From Manual to Automated: Transforming DDQ Responses with Prism

Prism transforms the labour-intensive process of responding to Due Diligence Questionnaires (DDQs), a common challenge for private equity firms managing investor relations. Many firms receive repetitive DDQs from investors, requiring small teams to manually gather data from first-party documents and cross-reference previous responses. This process can be time-consuming, error-prone, and resource-intensive.

With Prism, this process is automated and streamlined. A bespoke task is created for each client, leveraging historical DDQs and supporting first-party documents typically used to answer these requests. Once set up, a DDQ assistant has access to all relevant materials, enabling it to intelligently respond to new DDQs. Users simply upload the blank DDQ, and Prism’s task automatically populates answers by drawing from its knowledge of previous responses and supporting documents.

If certain questions cannot be answered from historical data, Prism highlights these gaps for the user to address, ensuring no detail is overlooked. This approach not only saves significant time but also ensures consistency and accuracy across responses.

Clients using Prism for DDQ automation have reported 75% reduction in the time spent on these tasks, freeing up their teams to focus on higher-value activities. By eliminating repetitive manual work and minimising errors, Prism enhances operational efficiency and strengthens investor confidence through timely, professional, and accurate responses.