Vero AI has introduced Iris GRC, an AI-powered tool designed to streamline governance, risk, and compliance (GRC) efforts for enterprises. It uses Vero AI’s powerful analytical engine, Iris, to assess an organization’s compliance with regulatory standards like SO, HITRUST, and SOC 2, while anticipating future legislation.
1. Challenges in Regulatory Compliance
- Regulatory compliance can be complex, time-consuming, and prone to errors.
- Traditional methods require up to eight weeks to complete one report.
- Non-compliance can result in severe financial and reputational risks.
2. The Role of AI in Compliance
- AI tools like ChatGPT are increasingly used to automate compliance tasks.
- However, AI technologies face risks such as data privacy concerns, algorithmic bias, and unreliable outputs.
3. How Iris GRC Overcomes These Challenges
- Built with Vero AI’s science-based analytical engine, Iris GRC ensures secure and trusted results.
- Unlike traditional tools, Iris GRC avoids the vulnerabilities of large language models (LLMs) like ChatGPT.
- It ensures accurate and consistent results without the risk of AI-generated hallucinations.
4. Key Features of Iris GRC
- Exceeds human capabilities in identifying critical compliance information.
- Avoids common pitfalls like hallucinations.
- Provides rigorous data security during analysis.
- Eliminates the need for prompt engineering, offering expert guidance across various steps.
5. The Benefits of Iris GRC
- Swift results without extra resources or costs.
- Detailed insights on whether compliance standards are met.
- Actionable recommendations to address non-compliant areas.
- Future-ready, keeping businesses ahead of changing regulations.
With Iris GRC, Vero AI is addressing the challenges businesses face in today’s complex regulatory environment. By offering a secure, AI-powered compliance solution, Iris GRC enables organizations to automate their compliance processes effectively, ensuring they meet standards faster, more accurately, and without the risks associated with traditional tools.
