DiligenceVault's AI Assistants (DV Assist) are writing and text analysis tools developed exclusively by DiligenceVault and integrated into the platform for a seamless user experience. They are designed to help you summarize large texts, extract data and insights from text, enhance writing by providing grammar and spelling corrections, general writing and readability suggestions, tone adjustments, content enrichment, analysis, and apply custom prompts.

DV Assist uses large language model (LLM) technology from core public models provided by Azure OpenAI in a closed and secure configuration. The technology is similar to ChatGPT, however all data entered and generated in the DV Assist will NOT be used for training public facing core large language models.

DV Assist for Text Analysis

The DV Assist for Text Analysis can be used to quickly analyze responses submitted by the responders. The generated response can be then used in your review notes, executive summaries, reports, etc. You can use the following prompts to get different types of responses as follows: 

1. Summarize
   • Condense Detailed Responses: Quickly summarize lengthy responses from responders, allowing you to focus on key insights without going through every detail.
   • Generate Presentation Ready Summaries: Create concise summaries that can be easily integrated into presentations for stakeholders, highlighting essential takeaways.
2. List Main Points
   • Highlight Key Takeaways: List the main points from responses, focusing on important aspects extracted from the text such as history, performance, and risk.
3.  Pull All Quantitative Figures and Dates
   • Extract Performance Metrics: Automatically pull relevant quantitative figures such as performance metrics, fee structures, and AUM (Assets Under Management) from responses.
   • Track Critical Dates: Extract all types of important dates from text such as investment performance, fund inception, material change timelines, contract terms, or any other dates contained in the response.
4. Enter Custom Prompt
   • Get Custom Response: Tailor the AI assistant to generate specific responses based on custom prompts.

DV Assist for Writing

The DV Assist for Writing is specifically tailored to address the needs of requestors during the evaluation process. In analyst evaluation projects, you can use the writing assistant while overviewing a specific section of the responder's response. E.g. Once you have written your comments, you can use the Change Voice to Active prompt to make your evaluation more direct or use the Make More Readable prompt to improve clarity. If you have mapped responses, you can quickly add the responses from the mapped questions into the text box and summarize the content. E.g. You have responder responses to multiple operational questions mapped into one response within your analyst evaluation. Now, using the summarize prompt, you can summarize all the responder's responses into one concise write up to describe their operations. 

You can also use the writing assistant to refine your firm’s responses to questions within internal projects. DV Assist provides six predefined prompts, each aimed at helping in the evaluation of text responses from the responders, as well as within your internal projects. Here’s how these prompts can be leveraged:

1. Summarize
   Requestors often receive lengthy and detailed responses from responders regarding their investment strategies, risk management practices, and performance metrics. The Summarize feature condenses these responses into concise summaries, highlighting key points for quick reference and comprehension.
   Example: A requestor receives a detailed explanation of a responder’s approach to ESG (Environmental, Social, and Governance) investing. Using the Summarize prompt, DV Assist distills this information into a brief summary, allowing you to quickly assess the responder’s commitment to ESG principles and use it in your response.
2. Elaborate
   Sometimes, responses from the responders may be too brief or lack sufficient detail. The Elaborate prompt expands text to provide more descriptive explanations, ensuring that key points are fully understood.
   Example: A responder briefly mentions a certain topic but lacks detail. By using the Elaborate prompt, the requestor can generate a more detailed explanation, providing better insights into the responder’s approach to the topic.
3. Fix Writing Mistakes
   Accuracy in communication is crucial during evaluation. The Fix Writing Mistakes prompt proofreads and corrects grammatical errors, typos, spelling, and punctuation, ensuring that all text is polished and professional.
   Example: We all could unknowingly make several typos and grammatical errors. DV Assist can automatically correct these mistakes, allowing the investment professional to focus on content rather than form.
4. Make More Readable
   Long-winded explanations can make responses difficult to understand. The Make More Readable prompt improves readability by simplifying sentences, reducing complexity, and eliminating unnecessary jargon.
   Example: A responder provides a highly technical explanation of their quantitative investment strategy. The Make More Readable prompt simplifies the language, making it easier for the user to grasp the core concepts.
5. Trim Word Count (Trim Minimally/Trim Significantly)
   Users often have limited space in reports and presentations. The Trim Word Count prompts help reduce text length while preserving essential content, with options to trim minimally or significantly depending on the context.
   Example: A DDQ report exceeds the word limit for an upcoming client presentation. By using the Trim Minimally or Trim Significantly prompt, the user can shorten the text to meet the requirement without losing key information.
6. Change Voice (Active/Passive)
   The tone of communication can significantly impact the clarity and effectiveness of a message. The Change Voice prompt allows professionals to rewrite text in either active or passive voice, depending on the desired emphasis.

   Example: A response is written in passive voice, making it less direct. The user can use the Change Voice (Active) prompt to make the sentences more direct and informative to improve clarity.

7. Enter Custom Prompt
   While predefined prompts cover many common needs, there are situations where a more tailored approach is necessary. The Enter Custom Prompt feature allows users to input specific instructions for generating a response that meets unique requirements.
   Example: The ODD team is reviewing a response on a responder’s internal controls and compliance procedures. The team needs to assess alignment with industry best practices. By entering a custom prompt, DV Assist generates an analysis highlighting strengths and potential gaps in compliance and risk management, helping the ODD team identify areas needing further scrutiny.

Additional Features

1. Compare: Spot the Differences with Ease
   The Compare feature allows users to instantly visualize the changes between the original and the AI-generated response. By toggling the comparison mode you can quickly identify improvements, edits, and adjustments made by the AI. This feature is invaluable for ensuring that the generated content aligns with your expectations and maintains the integrity of the original information.
2. Replace: Seamless Integration of AI-Generated Content
   The Replace feature is designed for effortless content integration. With a single click, you can replace the original response with the AI-generated version. If you’ve selected a specific portion of text, only that section will be replaced, allowing for precise edits and updates.
3. Append: Enhance Responses with Additional Insights
   The Append feature inserts the AI-generated response directly after the original text or selected portion. This is particularly useful when you want to expand on existing content without losing the context provided by the original response.
4. Copy: Flexibility for Cross-Platform Usage
   The Copy feature allows you to easily copy the AI-generated response for use outside of DiligenceVault. This functionality is perfect for those who need to incorporate the AI’s output into other documents, presentations, or communications.
5. Regenerate/Generate: Fine-Tune Your Outputs
   The Regenerate feature allows you to re-run the last used prompt, offering a new version of the generated response based on the same criteria. This is helpful when the initial output doesn’t fully meet your needs. The Generate button appears when a new prompt is selected, initiating the AI’s response creation process.
6. Apply Prompt on Generated Responses: Tailor Your Analysis
   By default, any prompts you run in the side panel will apply to the AI-generated response displayed. However, you can toggle this off to run prompts on the original response instead. This feature provides flexibility in how you analyze and refine the content.
7. Thumbs Up/Down: Feedback for Continuous Improvement
   The Thumbs Up/Down feature allows you to provide instant feedback on the quality of the AI-generated response. This input will provide feedback to Team DV for ongoing improvements.

Frequently Asked Questions (FAQ’s) :

Data and Privacy

What type of data does DV Assist collect?
The DV Assist module collects and logs data necessary for providing its services, including text input by users. This data is used solely to improve user experience and is protected in accordance with our privacy policy. The text inputs and generated outputs will not be used to train the core public GPT model.

How is my data protected?
We use robust security measures, including encryption in transit and at rest, to ensure your data is secure. In addition, no data is shared with any 3rd party without users’ consent.

Will my data be used to train the language models?
No, customer data is not used to train or improve the core public GPT models. The models are trained on a broad dataset and do not retain individual user data.

What level of exposure and opportunity is presented via ChatGPT interface to DiligenceVault?
The integration of GPT technology offers enhanced response capabilities while ensuring that inputted data is securely handled and not incorporated into the core public GPT model.

When fine-tuning GPT models, would customer data be used to train the whole GPT model?
Customer data is not used for fine-tuning or training the core public GPT models. Fine-tuning is performed using separate, non-confidential datasets to ensure privacy.

Pricing and Usage

Is DV Assist free to use?
DV Assist is an add-on functionality. Please contact your dedicated Client Success Team Member to learn about adding this functionality to your subscription.

Who can use DV Assist functionality?

Premium Responders - Asset Managers and GP Clients of DV

• Internal Projects
  • The Writing Assistant is available in read/write project statuses (i.e Started, In Review).
  • The Analyzing Assistant is available in read only project statuses (i.e. Completed, Evaluation).
• External Projects - Requests sent by DiligenceVault Requestor clients
  • The Writing Assistant is available in read/write project statuses (i.e Started, In Review).
  • The Analyzing Assistant is available in read only project statuses (i.e. Completed, Approved, Not Approved).

Premium Requestors

• Internal Projects
  • The Writing Assistant is available in read/write project statuses (i.e Started, In Review).
• External Projects
  • The Analyzing Assistant is available in read only project statuses (i.e. Completed, Evaluation, Approved, Not Approved).

Generative AI Applications are not available for free users who do not have an active subscription agreement with DiligenceVault.

Functionality and Integration

How often is DV Assist updated?
We regularly update to introduce new and enhanced functionality, improvements, and security enhancements. Users can stay informed about updates through meetings with your dedicated Client Success Team member, product update email notifications, in-platform release announcements, and User Advisory Group sessions.

Support and Feedback

How can I provide feedback or report issues?
Users can provide feedback or report issues through the Write to Us option in the platform or by contacting our Client Success Team directly.