Diligent unveils ERM dashboard with Moody's market data integration
Diligent, a GRC SaaS enterprise, has announced the release of a novel Enterprise Risk Management (ERM) dashboard. The offering utilises industry data from Moody's, a source of cognizant insights on exponential risk, to deliver a holistic perspective of external risk.
This novel ERM dashboard is primarily designed to assist Chief Risk Officers, Chief Financial Officers, general counsels and other risk professionals in tracking crucial risk factors, amalgamating findings, and presenting a comprehensive report to the board. The goal is to foster enlightened decision-making and long-term organisational triumph.
The dashboard is a perfect supplement to the recently unveiled Board Reporting for ERM by Diligent, which equips organizations with a transparent and consistent appraisal of their internal risk position. By integrating the two, leaders can gain a comprehensive understanding of both internal and external risk to guide decision-making.
"As a board member, the ability to obtain a clear image of risks - from ESG or operational risks to supplier and competitor risks, market fluctuations and financial health - is immensely useful. The capacity for practitioners to smoothly gather and organise risk data, then articulate it in a manner that clearly depicts an organisation's external risk footprint, complemented by internal risk data, is what truly distinguishes this," opined Patricia Galloway, a board director at Stantec and Chairman of Pegasus Global Holding, Inc.
Expressing his elation about the partnership with Moody's, Brian Stafford, the President and CEO of Diligent, stated, "We're thrilled to join forces with Moody's to help organisations gain greater transparency into their risk identification and mitigation efforts against a complex and fluid risk landscape." He further explained that the dashboard simplifies the task for CFOs, GCs, and risk management professionals to proactively identify latent market risks, attain clearer insights into potential operational and financial risks, and enhance communication to the board and executives with lucid, succinct reporting.
The Moody's-powered ERM dashboard combines both external Moody's data and internal risk facts from Diligent, enabling: a complete view of external risk with access to Moody's data such as credit risk assessments, supplier performance risks scores, credit sentiment scores and country risk index; data-informed decision-making and enhanced oversight; and streamlined communication to the C-suite and board through precise reporting, fostering forward-thinking risk management strategies.
"Navigating exponential risk in today's dynamic business environment is a top priority for current business leaders. The ERM dashboard merges Moody's vast and proprietary data estate with Diligent's superior technology to present a comprehensive view of risks, empowering leaders to make informed decisions that help decode risk and unlock opportunity," expressed David Platt, Chief Strategic Development Officer at Moody's.
