Adding value with HighQ Diligence

Back in September 2013 I wrote a blog announcing the launch of our latest product, HighQ Diligence. This generated a lot of interest from our existing clients but also from firms we haven’t partnered with just yet. In the past few months we’ve been extremely busy showing the product to over 40 organisations and so far the reaction has been excellent. We’ve shown the product to the following industries, in the UK, Europe and North America:

1. Law firms

2. Banks

3. Legal Process Outsourcing (LPO) providers

4. Accountancy practices

What’s been really interesting is that we’ve discovered a number of additional benefits and use cases that the product can generate, and so I thought I’d write about some of these in this piece. I end with an insight into what we’re considering might be in store for due diligence and our product in the future.

Quick recap

We designed and built HighQ Diligence in conjunction with several large law firms to address the common pain points firms experience when undertaking due diligence exercises for clients. The product has been built to make due diligence review exercises more efficient, transparent, less prone to errors and more standardised within a firm. We also built a document engine which at the click of a button creates a firm’s house style due diligence report, saving vast amounts of time and money, allowing law firms to report back to clients much faster. So overall, the product is all about saving money (on billable hours lost in inefficiencies) and providing a much better service to clients with faster and more accurate due diligence reports read more.