New offering comes to market as the global pandemic reinforces the need for proactive business continuity planning, alongside risk and compliance management
NEW YORK – May 12, 2020 – Diligent Corporation, a modern governance company, announced today the launch of Diligent Compliance, a new product that arms organizations with AI-based digital tools to ensure effective business continuity, as well as risk and compliance management. A solution for organizations struggling to manage internal and external obligations, Diligent Compliance ensures visibility into compliance-related obligations, identifies gaps in compliance, policies and reporting, and suggests remedial tasks to help drive continual improvement. Using Diligent Compliance, legal operations and internal audit teams are able to centrally manage continuity plans, ESG frameworks, cyber standards, privacy regulations, and more.
As the world adjusts to the new and unprecedented corporate climate incited by COVID-19, it is crucial that organizations reevaluate their business continuity plans and evolve how they manage risk and compliance. Diligent Compliance – powered by the integrated governance platform from recently acquired Solisma – equips leaders with the tools they need to navigate business continuity challenges and ensure the success of their organization in an increasingly complex world. In order to drive advancement, Diligent Compliance provides organizations with a score based on existing compliance controls and, once analyzed, develops a forward-looking strategic path by assigning a list of remediation tasks to relevant teams with easy reporting to measure improvement.
“In response to COVID-19, organizations have quickly acclimated to an era of remote work–and they’re quickly realizing the need to adapt existing tools and practices to keep pace,” said Brian Stafford, CEO of Diligent. “Business continuity is the priority right now, and organizations will need to shift from a reactive to proactive mindset across all programs, including compliance. We are excited to bring to market Diligent Compliance, as it not only improves visibility, but allows companies to look ahead and even model different scenarios to prepare for what’s around the corner.”
The solution can be deployed rapidly and replaces complex spreadsheets or antiquated legacy solutions to help teams collaborate on successfully managing risk, compliance, and quality across the organization. Diligent Compliance also helps to automate time-consuming manual tasks, such as data collection for audits, scheduling control reviews and ensuring that outstanding actions are being managed efficiently and effectively. Dynamic dashboards and reports provide best practice insights and analysis on how a company’s risk and compliance program is performing and improving.
For more information, visit https://learn.diligent.com/compliance.
About Diligent Corporation
Diligent Corporation is the pioneer in modern governance, empowering leaders to turn effective governance into a competitive advantage. Leveraging unparalleled insights from a team of industry innovators, as well as highly secure, integrated SaaS technologies, Diligent’s industry-leading suite of solutions changes how work gets done at the executive and board levels. Leaders rely on Diligent to drive accountability and transparency, while addressing stakeholder and shareholder priorities. Its applications also help streamline the day-to-day work of board management and committees, and support collaboration and secure information sharing. Designed for both public and private sector organizations, Diligent is helping to usher in a new era of modern governance.
The largest global network of directors and executives, Diligent is relied on by more than 17,000 organizations and 660,000 board leaders in more than 90 countries. With an eye towards inclusivity and accessibility, Diligent serves some of the largest public governing bodies, including more than 50% of the Fortune 1000, 70% of the FTSE 100, and 65% of the ASX.