Onspring, a leading provider of integrated GRC software, has officially announced the launch of Onspring AI, which is a suite spanning embedded artificial intelligence capabilities, each one designed to address the escalating demands faced, on a day-to-day basis, by governance, risk and compliance (GRC) teams.
According to certain reports, the stated assortment of capabilities arrives bearing an ability to intelligently manage routine tasks, and at the same time, provide context-specific insights. More on the same would reveal how it empowers professionals big time in the context of eliminating manual tasks and shifting focus towards forward-thinking priorities.
The solution also brings forth practical, built-in support for documenting, summarizing, generating and organizing information across teams and departments. You see, by using artificial intelligence for handling repetitive, rule-based processes, Onspring AI makes it possible for GRC professionals to concentrate on higher-value responsibilities that demand uniquely human skills, such as nuanced judgment and situational analysis.
Not just that, the whole mechanism also operates under the steadfast oversight of the company’s dedicated AI Governance Council so to ensure that all internal and client-facing AI applications are compliant with the highest standards of security and compliance.
Markedly enough, Onspring AI is powered, at launch, by Anthropic’s Claude family of generative AI models, selected for their security, reliability and ethical design.
“We firmly believe that AI should function as a true collaborator, augmenting human capabilities rather than simply automating tasks in isolation,” stated Ryan Lougheed, Director, Platform Management at Onspring. “Our focus with Onspring AI has been to target practical, real-world use cases that directly address the daily challenges our customers face, while giving them total control over when and how it’s used.”
Talk about the whole value proposition on a slightly deeper level, we begin from the promise of predictive thought completion. This translates to how Onspring AI arrives on the scene bearing an ability to intelligently suggest the most likely next words or phrases, thus reducing time spent on repetitive data entry and accelerating critical GRC document creation.
Next up, there is a facility for text field generation, meaning users can prompt Onspring AI to generate or revise long-form field content with clarity and consistency. Such a setup, like you can guess, should cover a long distance to enhance standardization across records.
Another detail worth a mention is rooted in the potential for record creation. Here, one can come expecting to create plans, tasks, and more, from simple questions and prompts. Complementing that would be an AI-driven component focused on refining and embedding relevant values directly into fields in real-time.
Then, there is the availability of intelligent recommendations. Onspring AI basically enjoys a distinctive feature to surface relevant links between controls, employee roles, and regulatory requirements, eliminating the need for multiple searches to find the required information.
Hold on, we still have a few bits left to unpack, considering we haven’t yet touched upon a facility committed to duplicate detection, which ensures data integrity through better visualization of redundancies, across records and entries for appropriate action, so to maintain clean, consistent data in every single GRC-focused operation..
We also haven’t touched upon the feature revolving around optical character recognition & summarization. This feature can read and summarize document contents like SOC 2 reports, while simultaneously populating relevant fields to improve business cycle times.
Rounding up highlights would be Onspring’s all-new Prompt Workbench, where admins can define business-specific context to guide results, including tone, terminology, formatting and priorities. The idea is here to help Onspring AI deliver information which is accurate, relevant and tailored exactly to a user’s methodology of doing business.
“We understand that while many GRC teams recognize the potential of AI, they also harbor legitimate concerns regarding data privacy, regulatory compliance and the responsible use of this powerful technology,” said Lougheed. “We’ve designed Onspring AI to be a true partner in the day-to-day to reduce the burden of repetitive work and let teams focus on what matters most, without requiring expert training or complicated setup.”