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AI-powered control to authority gap analysis for not-for-profits

Dr. Heather Buker Jul 07, 2022
AI-powered Control to Authority Gap Analysis for Not-For-Profits

At 6clicks, we are dedicated to innovation and automation. Which is one of the many reasons we are perfect for the not-for-profit sector.

Thanks to the brilliant minds at 6clicks and our AI engine, Hailey - innovation and automation come second nature.

Hailey Then

When 6clicks was founded, we invested in artificial intelligence. It was a research project at that point, and a high degree of experimentation followed to find the most effective application of AI in the world of GRC.

The upshot was our use of two engines used widely in the field of artificial intelligence – natural language processing (NLP) and machine learning (ML).

When Hailey (our AI engine) was born, the first cab of the rank was Hailey's application to identifying similarities across provisions - in essence, identifying the overlap. 

The business case here is pretty apparent. Reporting in the platform speaks to the benefit – if you are aligned or compliant with framework X, where are the gaps with framework Y?

Hailey has been increasing process efficiency and reducing time-to-compliance for our clients and partners since the beginning. 

It was time to up our AI game.

 

Hailey Now

We are excited to announce that Hailey has taken another (huge) step towards automating GRC.

This time focused not on reducing the compliance footprint and overlap between frameworks or standards but on identifying a control set or policy's coverage of a standard.

We are excited to introduce the world's first control set/policy compliance mapper.

Automatically and quickly identify areas of compliance and non-compliance against standards, laws, and regulations using our AI-powered mapping tool.

 

The Use Case

Leveraging Hailey AI, not-for-profits can now map their internal policies and control sets to authority documents automatically. 

Keyword: automatically.

 

The Benefits

Quickly, efficiently, and automatically:

  • Identify compliance gaps and risks related to your internal control sets and policies;

  • Conduct compliance mappings across standards, laws, and regulations from different jurisdictions and sectors;

  • Action on internal policy and control set gaps and track them through remediation;

  • Discover out-of-date or orphaned practices that do not coincide with your regulatory landscape within your policies and determine if you can gain efficiency by removing them; and

  • Leverage turn-key reporting across your compliance obligations.

No more spreadsheets. No more headaches. No more hours and hours of crosswalk work to find policy gaps.

Just results.

 

The Challenges Facing NFPs

Not-for-profits face an enormous challenge in automating compliance work, managing data and streamlining ongoing maintenance, compliance and reporting. As with other sectors following COVID-19, the not-for-profit sector saw a sharp increase in remote work and the adoption of cloud technology. However, the need to automate manual labour has become crucial and exacerbated by limited budgets and resources.

Not-for-profits have been burdened with archaic file-sharing tools and document-based methods to manage risk and compliance programs. Leveraging the 6clicks Hub & Spoke model, not-for-profits now have a flexible way to run their GRC programs across multi-entity networks, departments and use cases.

Regardless of size, not-for-profits have a crucial presence in society, coupled with various and individualised risk and compliance requirements, so categorising and maintaining this bespoke data segregation to operate their risk and compliance structure is paramount.

 

Why 6clicks Is Perfect for NFPs

The ease with which not-for-profits can use and deploy 6clicks in hours (not months) makes the platform perfect for the sector, as they no longer need to manage outdated solutions requiring hoards of consultants to install.

With an integrated content library filled with standards, laws, regulations, audit and assessment templates and control sets, not-for-profits can automate audits, manage risks and issues, define and track internal controls and compliance, report in real-time, and much more with 6clicks.

From cyber and information security to privacy and third-party risk management – the 6clicks Hub & Spoke architecture allows not-for-profits to centralise their risk and compliance functions whilst empowering and providing teams with the autonomy they need to succeed.

 

Our Exciting New Partners

hip for NFPs

To that end, 6clicks has partnered with Connecting Up, to offer Australian and New Zealand not-for-profits a 25% discount on 6clicks licensing to help ease the procurement process and support the sector in driving innovation and automation.

Group CEO for Connecting Up and Infoxchange, David Spriggs, says, 'Connecting Up is committed to building stronger communities through technology. We see the benefits of our partnership with 6clicks being of great value to our community of 35,000 not-for-profits'.

Learn more about this partnership and offer here.

 

Conclusion

Developing a holistic view of your organisation's GRC program utilising 6clicks creates immediate value and ROI for your organisation. Leverage your first-mover advantage with a renewed governance, risk, and compliance approach.

How about a whistle-stop tour with our team? Click the button below and schedule a time that suits you.

BOOK YOUR DEMO

All we want to do every day is make the world of GRC easier to manage. We cannot do that without you, so we hope to hear from you soon!

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