Overall, Diligent Enterprise Risk Management empowers organizations to transform risk management into a strategic advantage by providing a secure, efficient, and user-friendly platform for managing enterprise risks.

1. Centralized Risk Data: The platform consolidates all risk data into a single source of truth, eliminating data silos and ensuring that all risk-related information is easily accessible and up-to-date.
2. Automated Risk Assessments: Diligent Enterprise Risk Management automates the process of risk assessments, reducing manual data collection and analysis. This automation helps organizations identify and prioritize risks more efficiently.
3. Real-Time Reporting: The platform provides real-time reporting capabilities, delivering curated, actionable insights to leadership and the board. This includes customizable risk heat maps and trend line reporting to monitor ERM progress.
4. Integration with External Data: The platform integrates with external risk data sources, such as Moody’s, to provide a comprehensive view of both internal and external risk factors. This integration enhances the accuracy and relevance of risk assessments.
5. Strategic Risk Alignment: Diligent Enterprise Risk Management aligns top-down risk management with bottom-up risk factors, ensuring that risk management activities support the organization’s strategic objectives. This alignment helps prevent strategic risks from derailing large-scale initiatives.
6. Workflow Automation: The platform automates complex risk management activities, including testing controls, collecting evidence, and addressing findings. This reduces the administrative burden on risk management teams and increases efficiency.
7. Cross-Team Collaboration: Diligent Enterprise Risk Management supports seamless cross-team collaboration by providing permissioned users with secure access to the ERM program. This ensures that all relevant stakeholders can contribute to risk management efforts.
8. Compliance and Security: The platform is FedRAMP and DoD IL-5 authorized, ensuring that it meets stringent security and compliance standards. This guarantees that all risk data is handled securely and confidentially.
9. User-Friendly Interface: Designed with an intuitive interface, the platform is accessible to users with varying levels of technical expertise. It also offers mobile access, allowing users to manage risk information from anywhere.
10. Scalability: Whether an organization is moving off spreadsheets for the first time or optimizing an existing ERM program, Diligent Enterprise Risk Management scales to meet their needs. This flexibility ensures that the platform can grow with the organization.