DDQ software for asset managers and financial services teams
Investor DDQs. Regulatory DDQs. Vendor DDQs. The same questions, asked over and over, sometimes by different people, sometimes by the same auditor twice. RocketDocs accelerates DDQ completion with private AI, structured approvals, and a content library that stays current across every line of business or product line.
Why DDQs are different
DDQs are recurring. RFPs are one-offs.
RFPs are usually one-offs. A buyer evaluates vendors, picks one, signs a contract, and the questionnaire goes in a drawer. DDQs are recurring. The same investor asks the same (or similar) DDQ every quarter. The same regulator asks for the same compliance attestations every year. The same auditor sometimes asks the same questions twice in the same review.
DDQ teams are not optimizing for one-time speed. They are optimizing for accuracy at recurring volume, with full traceability of how each answer was approved, by whom, when, and based on what evidence.
Templates with autofill
Templates with intelligent autofill
DDQ templates evolve over time. Last year's ILPA template gets revised. Internal templates change when a regulation changes. RocketDocs supports template versioning and intelligent autofill that maps last year's answers to this year's template, even when wording shifts.
Private AI
Private AI for sensitive DDQ content
DDQ content is sensitive. AUM data, client lists, compliance attestations, internal control descriptions. None of it should be sent to a third-party model provider. RocketDocs' private generative AI keeps the data inside your environment.
Multi-affiliate library
Multi-affiliate library structure for the firms that need it
Asset management firms often manage multiple affiliates, multiple product lines, multiple strategies, and multiple share classes. The same DDQ may be answered three different ways depending on which affiliate is responding. RocketDocs library structure supports custom configurations per line of business, with permissions that keep affiliate-specific content where it belongs.
Approvals
Approvals routed to compliance, automatically
DDQs need compliance review. Sometimes legal review. Sometimes investment committee review. RocketDocs workflows route approvals automatically based on content category, materiality, or any custom use case.
DDQ types we support
Every DDQ shape, natively handled
- Investor DDQs: institutional investors, family offices, fund of funds
- Regulatory DDQs: SEC, CFTC, FCA, BaFin, and other regulator-led reviews
- Vendor DDQs: customer-led due diligence on your firm as a service provider
- ILPA Standardized DDQ (Institutional Limited Partners Association format)
- Annual investor reviews
- Quarterly investor updates with DDQ-style structure
- Custom institutional investor DDQs (non-standard buyer-specific formats)
Built for asset management
Built for the way asset managers actually work
Multi-affiliate support
Manage multiple affiliates from one platform with per-affiliate libraries, per-affiliate workflows, and per-affiliate permissions. Cross-affiliate content reuse is configurable.
Strategy-level customization
Different asset classes and strategies (long-only equity, alternatives, fixed income, multi-asset) can have different content libraries, different SMEs, and different review cycles, all within the same platform.
Performance data integration
API connectors can pull current performance data into DDQ responses, so quarterly returns and AUM are always current at the moment of generation.
Auditor-ready exports
Comprehensive audit trails can be exported for any item or globally by module with a click of a button.
Compliance built in
Compliance posture built in
- SOC 2 Type II and ISO 27001 certified
- AES-256 encryption at rest
- Immutable audit trail across every content record, project, and export
- Granular permissions at user, role, group, content, and project level
- US and EU data residency supported
What customers say
Trusted by the teams whose responses cannot be wrong
The tool itself is very simple and direct. I've trained a lot of people on this and they're like, that's all I have to do? It's the way that RocketDocs works with Word. It's very similar to what they're used to. It's very user friendly.
RocketDocs has competitors in the space. But none of them can do what RapidDocs does. I haven't found any that are as good in product suite. So RapidDocs, from my perspective, is pretty unique. It's a great tool. It can save you time. It can help you to do things a lot easier.
Problems are the same for all RFP teams: finding the correct data at the right time, and organizing data into useful libraries and subtopics. RocketDocs allows us to manage more than 10 different lines of business and keep our data organized and structured.
After over 20 years of using different RFP database management systems, I am impressed with the usability and ease of organization in the system. The speed with which my team can locate and update responses is impressive.
Cycle time on enterprise DDQs dropped from six weeks to under two. The private-AI architecture is the only reason our security team ever signed off on adding generative AI to the response workflow at all.
We run all of our institutional questionnaire responses through RocketDocs. Multi-affiliate library structure handles our three lines of business cleanly; SME assignment and review cycles keep content accurate without anyone having to babysit it.
The Excel multi-tab handling is the feature that closed it for us. SIG Lite, SIG Core, CAIQ, our own customer questionnaires — all multi-tab, all native. The other platforms we evaluated either flattened the tabs or charged extra for the capability.
The audit trail is what finally got us off the spreadsheet-and-email pattern. When 21 CFR Part 11 reviewers ask who approved each answer and when, we have a real answer instead of digging through Slack.
FAQ
Frequently asked questions
Does RocketDocs support the ILPA Standardized DDQ?
Yes. The ILPA template is supported natively. When ILPA releases a new version, RocketDocs typically supports it within weeks of release.
How does the platform handle DDQs that change wording slightly each year?
Nearest neighbor search is the answer. When this year's DDQ asks the same question last year's did, just with slightly different wording, nearest neighbor search surfaces the approved answer. The proposal writer reviews and submits for approval.
Can different affiliates of our firm have different content libraries?
Yes. Multi-affiliate support is a primary design consideration. Each affiliate can have its own library, its own workflows, and its own SMEs, with cross-affiliate content reuse configurable based on your firm's policies.
How does RocketDocs handle confidential client information in DDQ responses?
Client information is protected through two mechanisms. First, content-level permissions restrict access to sensitive records. Second, private AI architecture keeps the content inside your environment.
Can we generate the same DDQ for 50 different investors with personalization?
Yes. Templates with personalization tokens generate the same DDQ structure with investor-specific details automatically applied. AUM exposure, side letters, custom commentary, and other investor-specific content can be tokenized and applied at generation time.
How does RocketDocs handle quarterly investor updates with DDQ-style content?
Quarterly updates are usually a recurring DDQ project type with the same workflow as the annual DDQ, just with a different cadence. The content library is shared, so updates to approved content automatically flow into your document with a click of a button.
Ready to see RocketDocs for DDQs?
A specialist will walk you through a real DDQ scenario from your firm's structure, with the multi-affiliate library, approval workflow, and audit trail demonstrated end to end.