Diligent, an AI governance, risk, and compliance (GRC) SaaS solutions provider, is establishing a new ACL AI Studio– a tool to modernize and streamline GRC analytics.
A new AI-enabled solution for data analysis workloads
The new tool will be available within the Digital One Platform and removes technical barriers to make data analysis more accessible and actionable for audit, risk, and compliance teams.
ACL AI Studio combines AI with the capabilities of the ACL product, making data analysis simpler with a natural language interface, while boosting the efficiency and accuracy of GRC processes.
The innovative tool integrates clients’ existing ACL analytics programs and ensures every team member can use guided, natural conversation to perform complex data analysis. It also allows GRC professionals to run AI-recommended tests, link audit findings, detect policy violations and unusual spending, and update risk scoring or trigger workflows.
The ACL AI Studio tool also features GRC persona-based AI, which recommends analytics tailored to internal audit, SOX, and compliance and risk management for quick value and high accuracy. It supports control testing, exception handling, audit trails, and policy compliance. The tool operates on millions of records in real-time, allowing GRC professionals to work on entire data populations instead of sampling them.
Among the key features of the tool are:
- Natural language analysis: Perform complex data analysis in plain language with no coding required.
- AI-recommended tests: Receive intelligent test suggestions, allowing non-technical users to identify potential issues.
- Legacy ACL analytics integration: Operates on existing data from ACL scripts to ensure smooth transitions.
- Transparent results: Every action is logged and exportable to provide full traceability and address AI hallucination risks.
- Diligent One Platform integration: Enhances existing Diligent products for faster, deeper control testing.
“ACL AI Studio is a game-changer for GRC professionals,” said Adam Bailey, General Manager, Platform, at Diligent. “Non-technical users can now leverage AI to detect issues and drive meaningful results, ensuring that your organization’s GRC processes are more efficient and accurate than ever before. In a market dominated by general-purpose analytics tools, ACL AI Studio is the only specialized solution for GRC and is designed to help organizations maintain the highest standards of compliance and governance.”
Additional Diligent AI capabilities
Diligent is also introducing AI Control Mapping and AI Control Generation, two new capabilities designed to streamline compliance processes and reduce the cost of control management.
Diligent’s AI Control Generation is a new feature in Diligent’s Compliance Maps suite. It uses AI to automatically draft new controls when gaps are identified to save time, reduce manual work, and help teams stay ahead of change. The solution drafts new controls when gaps are identified in an organization’s compliance framework.
The AI Control Generation helps users do the following:
- Instantly close compliance gaps by automatically generating controls aligned to new or updated regulations.
- Boost compliance readiness by eliminating bottlenecks of manual drafting and reducing time-to-compliance.
- Ensure consistency and audit defensibility by using AI-generated language to align with regulatory intent and support a strong audit trail.
- Scale without adding headcount by empowering teams to manage more with less as regulatory complexity grows.
AI Control Mapping, meanwhile, is a capability that intelligently maps regulations to an organization’s existing controls to provide a clear overview of their current coverage and identify potential overlaps or missing links.
AI Control Mapping promises to:
- Save time by automatically mapping controls, freeing up valuable hours to instead focus on high-level strategy and risk management by automating tedious tasks.
- Reduce errors by minimizing the risk of human error in the mapping process.
- Ensure full regulatory compliance with new and updated regulations by continuously adapting and highlighting changes.
- Provide up-to-date information and real-time insights on compliance status to enable proactive risk management.
- Enable teams to be proactive in addressing potential issues before they grow into real problems.
AI governance is becoming increasingly important as the regulatory environment changes and more AI tools reach the channel. Read more about OneTrust’s newest integration to help improve AI governance.