Diligent, a leading provider of SaaS governance, risk and compliance (GRC) solutions, introduced a first-in-class Enterprise Risk Management (ERM) dashboard that leverages the power of industry-leading market data from Moody’s (NYSE: MCO), the leading source of authoritative insights on exponential risk. The dashboard helps executives such as chief risk officers, chief financial officers, general counsel, and other risk management professionals monitor critical risk factors, aggregate results, and compile a clear and comprehensive report to the board of directors to make informed decisions and can ensure the long-term success of the company.
The ERM Dashboard complements Diligent’s recent launch of Board Reporting for ERM , which provides organizations with a clear and consistent view of internal risks. Together, executives gain a comprehensive understanding of internal and external risks to drive decision-making.
“It is highly beneficial for board members to have a clear picture of risks – from ESG or operational risks to supplier and competitor risks, market fluctuations and financial health,” said Patricia Galloway, board member at Stantec and chairman of Pegasus Global Holding, Inc. ” For me, the key aspect is that professionals can easily collect and aggregate risk data and then present it in a clear and concise manner that clearly shows a company’s external risks, complemented by internal risk data.”
“We are excited to work with Moody’s to help organizations achieve greater transparency in their risk identification and remediation efforts in a complex and fluid risk environment,” said Brian Stafford, President and CEO of Diligent. “The dashboard will make it easier for CFOs, GCs and risk professionals to proactively identify risks lurking in the market and value chain, gain a clearer view of potential vulnerabilities to operational and financial risks, and communicate at the board and executive level with clear and concise information to improve reporting.”
Leveraging Moody’s powerful proprietary data along with the ability to incorporate valuable internal risk data collected by Diligent, the ERM Dashboard provides:
- a holistic view of external risks with access to Moody’s data, including credit risk assessments, supplier performance risk scores, credit sentiment scores and country risk index.
- Data-driven decision making to proactively identify risks and improve oversight, leveraging insights from Moody’s comprehensive data sets.
- Effortless reporting to senior management and the board, streamlined communication and clear and concise insights to drive proactive risk management strategies.
“Navigating exponential risk is a high priority for modern leaders in today’s dynamic business landscape,” said David Platt, chief strategic development officer at Moody’s. “The ERM Dashboard combines Moody‘s vast proprietary data base with Diligent‘s advanced technology to provide a comprehensive view of risk. This empowers leaders to make informed decisions, decode risks and unlock opportunities.”
SOURCE: BusinessWire