AlternativeSoft is a cloud operational due diligence platform for running ODD on hedge funds and managers. Use structured ODD questionnaires, a centralised document hub and automated risk flagging to assess governance, operations and controls - in minutes, not weeks.
Operational due diligence software is a platform for assessing the operational risk of an investment manager - its governance, controls, service providers, valuation and compliance. ODD software like AlternativeSoft replaces manual checklists with structured questionnaires, a shared document hub and automated flagging so reviews are faster, consistent and fully documented.
An operational due diligence platform removes the key-person risk, version chaos and inconsistency of spreadsheet-based ODD. AlternativeSoft standardises the questionnaire, centralises documents and flags red flags automatically - so a manager review is repeatable, comparable across the book, and ready for the investment committee.
AlternativeSoft supports operational due diligence for hedge funds and other alternatives, where operational risk is as material as investment risk. Structured questionnaires capture governance, counterparties and controls, while AI parses supporting documents and surfaces the items that need analyst attention.
AlternativeSoft delivers operational due diligence software in the cloud. Your whole team works in the browser from one centralised ODD hub, with assignments, sign-offs and a complete audit trail - so reviews scale across mandates without adding operational overhead.
Seven things to test in any ODD platform before you sign. Use this list in your vendor demos, alongside our operational due diligence checklist.
Can you import the ODD questionnaire you already use, not just the vendor's? AlternativeSoft runs your templates, ours, or both.
Does the platform read the DDQ, audited accounts and offering memorandum for you? Ours extracts key terms and flags gaps automatically.
Are two analysts reviewing two managers scored the same way? Look for structured scoring with a visible rationale per finding.
Administrator, auditor, custodian and prime broker should be tracked as records, not typed into free text. Changes should trigger a review.
Point-in-time ODD is not enough. The platform should schedule re-reviews and show what changed since the last one.
Operational findings should sit next to returns, peer group and factor analysis. One platform, one manager record, one committee pack.
Every answer, document and decision timestamped and attributable. If a regulator or trustee asks why you approved a manager, you can show them.
Estimate the analyst hours your team gets back with our ODD ROI calculator.
Open the calculatorHow a manager review runs inside AlternativeSoft, from first request to committee sign-off.
Send the manager a structured ODD questionnaire and document request list from the platform. Deadlines and reminders are automatic.
Responses, DDQs, audited financials, compliance manuals and policies land in one document hub against the manager record.
AI parses the documents, extracts key operational terms and raises red flags for missing items and inconsistent answers.
Analysts score governance, operations, valuation, compliance and counterparties against a standard framework, with a rationale per finding.
Generate the committee-ready ODD report, then schedule the re-review. Every step stays in the audit trail.
Built for allocators who answer to an investment committee, a board or a regulator for every manager they approve.
Questionnaires, document hub, risk flagging and reporting - in one cloud platform.
Industry-aligned operational questionnaires that standardise every manager review.
Collect, store and search every operational document in one secure repository.
Surface missing documents, inconsistencies and operational risks automatically.
Verify administrators, auditors, custodians and prime brokers in one view.
Schedule periodic re-reviews and track operational changes over time.
Produce committee-ready operational due diligence reports with a full audit trail.
Bring one real DDQ to the demo. We will show the questionnaire scored, the documents parsed and the red flags raised on your own manager, not a sample.
Operational due diligence rarely happens inside one tool. The analyst has the DDQ open in one window, the manager’s risk statistics in another and a draft committee memo in a third. AlternativeSoft MCP, now available with AlternativeSoft Cloud, puts the quantitative side of that work inside the AI assistant you already use. Ask Claude, ChatGPT or Microsoft 365 Copilot a plain-language question and the answer is computed on your own AlternativeSoft data, not generated from memory, so the numbers in your ODD report are the numbers in the platform.
“Summarise the key risk statistics for the three managers on this week’s ODD list, ahead of the investment committee.”
What comes back: Return, volatility, Sharpe, Sortino, maximum drawdown and peer rank for each manager, with a short read-out of the outliers, ready to paste into the committee memo.
“Has this fund’s drawdown or volatility changed since we completed its operational due diligence last year?”
What comes back: The statistics for both periods side by side, so a monitoring review takes a minute instead of an afternoon of exports.
“Which managers in our approved list have a maximum drawdown worse than 15 percent over three years?”
What comes back: The screen run live on your approved-managers group, the matching funds listed, and the context to decide whether a refreshed ODD is due.
Yes, for the quantitative side of the review. AlternativeSoft MCP lets Claude, ChatGPT, Microsoft 365 Copilot or any MCP-ready assistant ask the AlternativeSoft engine for a manager’s return, risk, drawdown, peer rank, stress test and factor exposure in plain language, computed on your own data. It complements the DDQ and document review in the Cloud ODD platform rather than replacing them.
AlternativeSoft MCP is available with AlternativeSoft Cloud and with the desktop platform. It is read-only, runs either server-hosted for web assistants or locally for desktop tools, and requires the REST API to be enabled and an MCP licence confirmed by support. Setup usually takes under an hour.