SINGAPORE, April 29, 2025 – Diligent, the global leader in governance, risk and compliance (GRC) SaaS solutions, has unveiled AI Risk Essentials, an innovative new tool designed to accelerate the development and maturity of enterprise risk management (ERM) programmes. Offering rapid deployment — within less than a week — AI Risk Essentials empowers GRC professionals to proactively identify, assess, mitigate and monitor risks with greater confidence and efficiency.
Building on Diligent’s longstanding commitment to responsible AI innovation, AI Risk Essentials is the latest addition to its growing suite of intelligent solutions, following the successful rollout of GovernAI last year. Integrated within the Diligent One Platform, AI Risk Essentials leverages benchmarking data from more than 120,000 SEC 10-K filings, enabling organisations to immediately enhance their risk oversight and prepare more effectively for board-level discussions.
As organisations face mounting regulatory pressures and increasingly complex risk landscapes, the need for sophisticated, AI-powered solutions is more critical than ever. Recent research shows that just 32% of organisations worldwide describe their risk oversight practices as mature or robust, with many still depending on outdated, manual processes like spreadsheets. Diligent aims to close this gap by delivering a comprehensive, user-friendly solution designed to fit businesses at every stage of risk maturity.
“Leveraging advanced AI-driven solutions like Diligent AI Risk Essentials enables organisations not only to quickly identify and assess uncertainties but also to benchmark risks against industry standards,” said Michael Rasmussen, GRC Analyst and Influencer at GRC 20/20. “This empowers leaders to proactively mitigate threats, align ERM programmes with strategic objectives, and ultimately build resilience and agility in achieving their organisational goals.”
Key features of Diligent AI Risk Essentials include:
- AI-powered risk identification and benchmarking: Users gain a comprehensive starting point for building an effective risk register, with AI-assisted suggestions drawn from extensive SEC 10-K risk data.
- Streamlined risk assessments: Teams can collaborate with risk owners to set impact and likelihood ratings, ensuring a precise understanding of overall risk exposure.
- Simplified mitigation planning: Essential risk information is consolidated into one place, making it easy to develop, track and maintain mitigation strategies with full visibility and accountability.
- Interactive risk heatmaps: An intuitive visual tool to prioritise focus areas by severity and likelihood, helping leaders make informed, strategic decisions.
- Access to Diligent’s Education and Templates Library: Including valuable resources for boards, executives, and legal teams, plus the newly introduced Enterprise Risk Management Certification to promote best practices and enhance risk literacy.
Scott Bridgen, General Manager for Risk & Audit at Diligent, emphasised the urgency for such a solution: “The volume and complexity of risk management have grown exponentially in recent years, yet most organisations are hampered by varied levels of maturity, stretched resources and inadequate tools. By harnessing AI-driven insights and benchmarking capabilities, Diligent enables teams to quickly initiate or enhance an ERM programme, often in time for their very next board meeting.”
AI Risk Essentials is part of Diligent’s award-winning, three-tier ERM product suite, recognised by leading analysts including Forrester, Gartner and IDC. This scalable suite ensures that organisations can evolve their risk management capabilities as their needs grow more sophisticated.
In addition to launching AI Risk Essentials, Diligent will host its first-ever AI Innovations Virtual Summit on Wednesday, April 30th. The event will feature expert discussions on how AI is transforming governance, risk and compliance practices, with insights into best practices for building organisational resilience and improving decision-making. Registration is now open at: https://www.diligent.com/resources/events/ai-virtual-summit.