Analytics platform Vero AI has released Iris GRC (governance, risk, compliance), an AI-powered evaluation tool that enables enterprises across all sectors to streamline their compliance efforts for faster and more accurate results.
Iris GRC analyzes and evaluates a wide range of organizational documents to determine a company’s compliance status for meeting regulatory standards, including ISO, HITRUST, and SOC 2, while helping them stay ahead of upcoming legislation.
Built around Vero AI’s analytical engine Iris, Iris GRC analyzes an organization’s vast amount of data at scale without the vulnerabilities of large language models, such as ChatGPT and off-the-shelf tools, the company says in a media release. Through secure algorithms monitored by a team of experts, Iris GRC automatically compares information against regulatory guidelines and other criteria to pinpoint areas of compliance and highlight gaps, offering clear recommendations to meet standards. This enables smarter and more actionable decision-making while saving businesses countless hours of manual labor, Vero AI says.
According to Vero AI, Iris GRC:
- Exceeds human capabilities when identifying critical information;
- Avoids hallucinations;
- Creates consistent and accurate results;
- Provides rigorous data security in transit, at rest, and in use; and
- Integrates scientific best practices into the process, eliminating the need for prompt engineering and providing expert guidance across multiple analysis steps.
“Organizations are increasingly overwhelmed by the complexity of today’s regulatory landscape, particularly with new AI-specific legislation on the horizon,” Eric Sydell, co-founder and CEO of Vero AI, said in a statement. “Iris GRC integrates the latest and safest AI tools, including large language models, to capitalize on the benefits this technology can bring in automating compliance guidelines while eliminating GenAI’s known weaknesses. Iris GRC ensures organizations meet regulatory requirements and align their risk management strategies with broader business goals.”
Vero AI says Iris GRC delivers quick results without the need for additional resources or costs. It enhances the overall effectiveness of an organization’s compliance efforts through:
- Detailed insights to assess whether their processes meet all relevant standards.
- Precise analysis to identify where compliance is achieved and where it falls short.
- Actionable guidance for clear recommendations on how to address noncompliant areas.
- Future-ready to evaluate against upcoming standards and stay ahead of the curve.
- Comprehensive coverage for aligning with additional, potentially overlooked standards.
More information about Iris GRC can be found here.
Thanks for reading CPA Practice Advisor!
Subscribe Already registered? Log In
Need more information? Read the FAQs
