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Operational Due Diligence Platform

Operational Due Diligence Software for Funds and Managers

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.

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Trusted by 150+ institutions managing $1.5tn+ since 2005
Operational Due Diligence Live
2
Critical
5
Pending
38
Cleared
Governance
Operations
Regulatory
Last scan · 2 min agoResilience: A-
90%Less time on DDQs
500k+Funds covered
150+Institutions
$1.5tn+Assets analysed

What is operational due diligence software?

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.

  • Governance & controls: assess ownership, key persons, segregation of duties and oversight.
  • Service providers: track administrators, auditors, custodians and prime brokers.
  • Valuation & compliance: review pricing policies, regulatory status and controls.
  • Documented: every finding scored, flagged and stored with an audit trail.
Operational Due Diligence Live
2
Critical
5
Pending
38
Cleared
Governance
Operations
Regulatory
Last scan · 2 min agoResilience: A-

Why use an operational due diligence platform instead of spreadsheets?

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.

  • Standardised scoring so every manager is assessed the same way.
  • Automated red flags for missing documents and inconsistent answers.
  • Centralised evidence — no more chasing PDFs across inboxes.
  • Committee-ready output with a defensible, timestamped record.
Centralised Hub Synced
Returns
Documents
Questionnaires
Meeting Notes
One Secure Due Diligence Hub
Every manager, one placeSearchable

Operational due diligence for hedge funds

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.

  • Hedge fund ODD questionnaires aligned to industry standards.
  • Counterparty & prime broker tracking and verification.
  • Document parsing that extracts key operational terms automatically.
  • Ongoing monitoring with periodic re-review and change tracking.
Compliance Check Scanning
40 checks2 flagged · 38 passed
Fee structure disclosurePass
AUM & liquidity termsPass
Conflicts of interestReview
Regulatory registrationsPass
Side-letter termsFlag
Automated risk flaggingLive

Cloud ODD software — nothing to install

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.

  • Browser-based: no installation, accessible anywhere.
  • Team workflows: assign, review and sign off collaboratively.
  • Centralised hub: every manager, document and review in one place.
  • Audit trail: a full record for regulators and clients.
Monitoring Scheduled
Mon2
Tue3
Wed4
Thu5
Fri6
Sat7
Sun8
Returns request — MeridianDue Mon
Review DDQ responsesDue Wed
Manager follow-up callDue Fri
Recurring reviewsAudit trail
ODD Capabilities

A Complete Operational Due Diligence Workflow

Questionnaires, document hub, risk flagging and reporting — in one cloud platform.

Structured ODD Questionnaires

Industry-aligned operational questionnaires that standardise every manager review.

Centralised Document Hub

Collect, store and search every operational document in one secure repository.

Automated Red Flags

Surface missing documents, inconsistencies and operational risks automatically.

Service-Provider Tracking

Verify administrators, auditors, custodians and prime brokers in one view.

Ongoing Monitoring

Schedule periodic re-reviews and track operational changes over time.

ODD Reporting

Produce committee-ready operational due diligence reports with a full audit trail.

Explore More

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FAQ

Frequently Asked Questions

What is ODD software?
ODD software (operational due diligence software) is a platform for assessing the operational risk of investment managers — governance, controls, service providers, valuation and compliance. AlternativeSoft provides cloud ODD software with structured questionnaires, a document hub and automated risk flagging.
How does operational due diligence differ from investment due diligence?
Operational due diligence (ODD) examines how a firm operates — its governance, controls and service providers — while investment due diligence examines strategy, performance and risk. Both are essential, and AlternativeSoft covers them in one platform.
Can AlternativeSoft run operational due diligence for hedge funds?
Yes. AlternativeSoft is built for operational due diligence on hedge funds and other alternatives, with hedge-fund ODD questionnaires, counterparty tracking, document parsing and ongoing monitoring.
Is the ODD platform cloud-based?
Yes. AlternativeSoft's operational due diligence platform is cloud-based and runs in the browser with no installation, so teams can collaborate on manager reviews from anywhere.
Does ODD software keep an audit trail?
Yes. Every questionnaire, document and review in AlternativeSoft is timestamped and stored, producing a complete, defensible audit trail for regulators and clients.

Run Operational Due Diligence in the Cloud

See how AlternativeSoft turns weeks of manual ODD into a structured, auditable workflow. Book a demo today.

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