Due Diligence Programs are a vital component of the risk management system of any business. It is defined as “systematic and comprehensive investigations conducted with a view to verify the accuracy of representations made or inference drawn by a concerned party.” Simply put, a due diligence program helps companies confirm that the products or services they receive are in line with their expectations. By adhering to a clearly-defined set of steps, businesses can mitigate risk and ensure they are receiving the best possible value for their purchases. A successful due diligence program requires thorough research, evaluation, and verification of all relevant facts related to a given transaction. These programs often involve complex processes, where multiple parties come together to analyze and negotiate a deal. But don’t be daunted – having a robust due diligence protocol in place is essential for businesses today.