Diligent, a leading GRC SaaS company, has announced the launch of its AI-powered due diligence reports, designed to simplify third-party assessments and help organizations meet growing regulatory demands. With the complexities of modern supply chains and increasing compliance pressures, these reports provide a scalable, risk-based approach for chief compliance officers, general counsel, and other risk professionals, enabling faster, more efficient decision-making.
1. AI-Driven Third-Party Risk Assessment
- Diligent’s new AI-powered due diligence reports consolidate risk data from global sanctions watchlists, politically exposed persons (PEPs) databases, and adverse media sources, offering a holistic view of third-party risks.
- These reports provide organizations with a comprehensive, efficient solution to navigate complex compliance environments and reduce exposure to reputational and compliance risks.
2. Comprehensive Risk Coverage for All Risk Levels
- The reports provide one-click access to a complete risk assessment for any third-party, covering sanctions lists, PEPs, State-Owned Enterprises (SOEs), and negative media sources.
- The AI-driven system automatically evaluates low-risk entities and flags high-risk cases for in-depth investigation, ensuring that organizations can prioritize risk management efforts accordingly.
3. Specialized Risk Areas: ESG and Human Rights
- Diligent’s due diligence reports are tailored to specific areas of risk, such as environmental, social, and governance (ESG) factors and human rights issues, ensuring that businesses are thoroughly evaluating all aspects of third-party compliance.
- Enhanced Due Diligence (EDD) and Open Source Investigations (OSI) provide deeper insights through comprehensive research to verify details and assess risk in detail.
4. Seamless Integration with Risk Management Platforms
- These AI-powered reports integrate fully with Diligent’s Third-Party Risk Management platform, streamlining workflows, and enabling organizations to manage third-party risk seamlessly.
- By automating risk assessments and workflows, Diligent’s solution accelerates compliance decision-making and enhances efficiency for compliance teams.
5. Efficiency Gains and Reduced Manual Intervention
- The AI-driven approach reduces the need for manual intervention, freeing up compliance teams to focus on high-value tasks.
- Organizations benefit from faster due diligence processes, enabling them to make faster, data-driven decisions with better compliance outcomes and enhanced risk management practices.
Diligent’s new AI-powered due diligence reports represent a significant advancement in third-party risk management, providing businesses with an efficient and scalable solution to meet the challenges of complex supply chains and heightened regulatory scrutiny. By consolidating comprehensive risk data and integrating seamlessly with Diligent’s platform, these reports enable organizations to make quicker, more informed compliance decisions and reduce risk exposure across the supply chain.
