Diligent AI-powered stories construct on historical past of business expertise to resolve main compliance ache factors
Diligent, a number one GRC SaaS firm, right now introduced the launch of its AI-powered due diligence stories, providing organizations easy accessibility to complete third-party assessments. Designed to fulfill rising regulatory calls for and the complexities of contemporary provide chains, the stories allow extra environment friendly decision-making for chief compliance officers, common counsel, and different threat professionals balancing useful resource constraints and elevated compliance burdens.
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“As provide chains turn into extra advanced and face heightened regulatory scrutiny, companies are more and more uncovered to reputational and compliance dangers”
“As provide chains turn into extra advanced and face heightened regulatory scrutiny, companies are more and more uncovered to reputational and compliance dangers,” stated Amanda Carty, GM, Compliance at Diligent. “For years, Diligent has set the usual as a number one complete screening software. Now with AI-powered due diligence stories, prospects profit from an much more environment friendly, scalable, and risk-based method to managing third-party threat — whereas nonetheless accessing in-depth, analyst-led investigations when required. This allows sooner decision-making, higher compliance outcomes, and extra sturdy threat administration practices.”
Diligent’s AI-powered stories consolidate key threat knowledge from international sanctions watchlists, politically uncovered individuals (PEPs) databases, and opposed media sources, offering a holistic view of third-party threat. Diligent’s due diligence providers embrace specialised assessments tailor-made to particular areas of threat, corresponding to environmental, social and governance (ESG) and human rights. For deeper insights, Enhanced Due Diligence (EDD) and Open Supply Investigations (OSI) assess threat and confirm particulars by way of complete analysis, guaranteeing sturdy compliance and oversight all through the provision chain.
Key options of Diligent’s AI-powered due diligence stories embrace:
- One-Click on Experiences: AI-driven stories present an intuitive overview of third-party threat in only one click on.
- Complete Threat Protection: Consolidates knowledge from sanctions lists, PEPs, State-Owned Enterprises (SOEs) and detrimental media sources to make sure thorough third-party threat evaluations.
- Flexibility for Various Threat Ranges: Robotically assesses low-risk entities with the choice to escalate excessive threat instances for in-depth investigation.
- Seamless Integration: Absolutely integrates with Diligent’s Third-Occasion Threat Administration platform for streamlined workflows.
- Effectivity Positive aspects: Reduces handbook intervention, enabling compliance groups to deal with high-value duties whereas accelerating compliance choices.
By integrating AI assessments with Diligent’s Third Occasion Threat Administration answer, which incorporates threat modeling, automated workflows and superior reporting, organizations profit from a seamless, end-to-end answer for managing compliance challenges throughout their provide chain. This allows sooner decision-making, higher compliance outcomes, and extra sturdy threat administration practices.
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