Due Diligence

What Is Due Diligence?

Short definition:
Due diligence is the process of evaluating risks before making a business decision.

What this actually means for a business:
It helps you assess vendors, technology, or partnerships to avoid security, legal, or financial issues.

Common misconception:
Some think it’s only for large acquisitions. It applies to everyday decisions like choosing an IT provider.

When this matters:
If you’re signing contracts, onboarding vendors, or making IT investments.

Related terms: Risk Assessment, Compliance