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Diligent
ListedModern governance solutions, including GRC and ESG platforms, to help organizations manage risk and compliance.
Detailed overview
## Overview
Diligent offers a Governance, Risk, and Compliance (GRC) platform designed to assist organizations in managing governance, risk, and compliance activities. The platform integrates various GRC functions, including board management, enterprise risk management, IT and cyber risk, compliance, and internal audit. Diligent emphasizes the use of AI to streamline processes, provide insights, and support decision-making across these areas. The platform aims to centralize GRC activities, offering tools for tasks such as automating board meeting preparations, managing subsidiaries, identifying and mitigating risks, ensuring IT compliance, and conducting third-party risk assessments.
## Key Features
* **Diligent One Platform:** A centralized system intended to unify board management and GRC activities.
* **Governance Solutions:** Includes Diligent Boards for automating meeting preparation and securing board data, BoardEffect for non-profit and higher education board management, Entities for subsidiary management, Community for local government and school board governance, and Diligent Market Intelligence for shareholder activism, executive compensation, and ESG data.
* **Risk Management:** Offers AI Risk Essentials for implementing AI-powered Enterprise Risk Management (ERM), general ERM tools, IT Compliance solutions, IT & Cyber Risk Management, and Third-Party Risk Management (3rdRisk) for vendor risk assessment and mitigation.
* **Compliance Tools:** Features Policy Manager for policy administration, Due Diligence services, Compliance Advisory Services, Speak Up Manager for whistleblower programs, Compliance Education, Third Party Manager for monitoring, and Third-Party Risk Intel for automated screening.
* **Audit Capabilities:** Provides Internal Audit solutions, ACL Analytics, and Internal Controls.
* **AI Integration:** Incorporates AI across various modules, including a new "AI Board Member" feature for meeting preparation and "agentic AI" for third-party risk intelligence.
## Who It's For
Diligent's platform is designed for a range of professionals involved in governance, risk, and compliance, including General Counsel, Corporate Secretaries, C-Suite executives, Directors & Trustees, Risk Managers, Information Security officers, Compliance Officers, and Internal Auditors. It caters to various organization types, such as public companies, private companies, non-profits, educational institutions, and local governments, across industries like financial services, corporate service providers, manufacturing, energy, healthcare, and technology.
## Notable Strengths
Diligent provides a comprehensive suite of GRC tools integrated into a single platform, aiming to reduce complexity and improve oversight. The platform's emphasis on AI integration across its offerings, from risk assessment to board meeting preparation, suggests a focus on leveraging technology to enhance efficiency and insight. Its broad range of solutions, covering governance, multiple facets of risk, compliance, and audit, allows organizations to consolidate their GRC efforts. The inclusion of specialized tools for different organizational types, such as BoardEffect for non-profits, indicates an understanding of varied client needs.
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