New York, March 14, 2024 – Diligent, a leading GRC SaaS company, today announced Diligent Enterprise Risk Management (ERM), giving organizations a holistic view of risk to drive decision-making and promote sustainable growth. Diligent ERM empowers organizations to identify, mitigate and report on risks across climate, cybersecurity, regulatory compliance, financial and human capital and more. Now powered by the Diligent One Platform, the market-leading solution for GRC, the solution uses seamless integration to allow risk, audit, compliance and legal teams to work from a single source of truth, easily navigate today's complex risk landscape and report findings up to leadership and the board. With advanced analytics, Diligent ERM enables organizations to automate tasks, saving time and money.

"Risk teams today need to do more with less,” said Morgan Sherrill, SVP and Enterprise Risk Management Director, Veritex Community Bank, “so having a centralized platform that not only helps mitigate and manage risk, but also breaks down siloes and enables the secure flow of information across teams, is undoubtably the future of risk management.”

“As an audit professional, being able to understand and prioritize key risks that materially impact the organization is crucial, yet the increasing scope and complexity of the risk landscape can make this difficult,” added Tom Keaton, Director of Internal Audit, Crown Castle. “Having an aggregated view of risk, in a program that automates and streamlines tasks, is invaluable.”

According to the Verdantix report, Market Insight: The Future Of GRC Technology, where Diligent was mentioned, “In 2023, as the world witnessed a consistent rise in both the frequency and severity of global risks, the role of solutions such as GRC became more critical than ever...for firms operating internationally, a holistic and integrated tool with global oversight is essential for ensuring resilience and competitiveness across diverse risk landscapes.”

Diligent ERM empowers organizations to use enterprise risk management as a competitive advantage, offering both a strategic and operational view of risk. The solution allows users to:

Continuously identify risk using automated monitoring and alerts, and evaluate risk with configurable scoring and visually insightful heat maps.

Align risks with strategic objectives by linking their risk library to the objectives defined in their organization’s strategy map.

Help manage risks by easily creating risk mitigation plans, and leveraging easy-to-use questionaries to compile feedback from various stakeholders.

Securely collaborate with multiple teams including risk management, legal, internal audit, internal control and compliance teams, and report findings up to leadership and the board using a centralized platform for increased efficiency, scalability, and visibility.

Build a single view of risk across the business using an integrated operating model based on international standards and best practices, like ISO 31000.

"Companies are facing a rapidly evolving and increasingly complex risk landscape," said Nithya Das, Chief Legal and Chief Administrative Officer at Diligent. "We're proud to offer the only enterprise risk management solution backed by the power of an integrated GRC Platform, so organizations can gain a holistic view of risk across the business and report on those gaps and opportunities in a data driven, informed way to their boards and leadership teams and externally if required to do so."

Learn more about Diligent Enterprise Risk Management here.

For additional insights on the future of risk management, and how organizations can thrive in an ever-changing risk landscape, register to attend the Diligent ERM Virtual Summit on March 20, 2024. The summit is free to attend and includes up to four continuing professional education credits.

About Diligent Diligent is the leading GRC SaaS company, empowering more than 1 million users and 700,000 board members and leaders to make better decisions, faster. The Diligent One Platform helps organizations connect their entire GRC practice — including governance, risk, compliance, audit and ESG — to bring clarity to complex risk, stay ahead of regulatory changes and deliver impactful insights, in one consolidated view. Learn more at diligent.com.

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For More Information: Julia Hanbury Senior Communications Manager, Diligent +1 (604) 669-4225 Jhanbury@diligent.com