Our Partnership with DOOR
Our Partnership with DOOR
About DOOR
Door is a digital platform that streamlines the exchange of due diligence information in the investment management industry. Combining the benefits of digital and standardization, Door replaces the archaic due diligence questionnaire process. In collaboration with industry practitioners, the platform provides best practice defined question sets comprised of the most commonly asked questions.
Door allows asset managers to respond to information requests leveraging on existing content, proactively invite and push updates to their fund investor clients, and keep track of who has access. Fund investors on Door can easily access, compare and monitor information change over time, by receiving real-time alerts as asset managers make updates to their content.
Why DOOR?
City Hive have exclusively partnered with Door to deliver the ACT Standard, via Door’s DEI Question Set. Door allows asset managers to complete the framework digitally in order to ensure transparency, signaling to their clients their support of fostering corporate culture change.
Through Door’s technology, asset managers can keep the information up to date going forward and use the same content to respond to multiple clients.
Fund investors can access their managers’ responses to the ACT Framework in one standardized place, be notified of changes, compare content between managers, and be well versed of how asset managers are incorporating changes and supporting the wider industry movement for diversity and inclusion.
How do Asset managers provide information on DOOR?
Once registered, asset managers populate firm and product level information through online questionnaire forms. Participating asset managers also have access to response management tools that allow for easy reuse of information across products, an audit trail of previous responses and changes to responses, and the ability to share information with fund investor clients via the invite capability.
Door even provides integration capabilities for leading content management systems for asset managers, allowing them to pull through updates from their content libraries directly to Door.
How does the DOOR platform work?
Door preserves the established protocol of the due diligence information exchange – fund investors issue requests to asset managers for due diligence information, and asset managers provide responses on the Door platform and then grant access to the fund investors to view those responses. Responses are stored and can be used for multiple clients, including the ability for asset managers to invite their clients to view their content, creating further efficiencies.
In this way, Door is permissions based and asset managers can feel comfortable providing detailed information to known, named, professional fund investors. What Door eliminates is the friction of producing and exchanging documents, whilst cutting down on repetitive questionnaires through Door’s standard question sets, allowing for quicker responses and turnaround times.
