Certa has introduced new GenAI capabilities to its third-party management platform. The new features aim to streamline and optimize enterprise third-party management processes.
The platform's new features include GenAI-powered workflow design using natural language, faster third-party responses with a questionnaire responder, and automated risk assessment from various documents like contracts, SOC2, and ESG reports. It also includes plug-and-play ESG modules for easy compliance monitoring.
Certa claims that the new features enhance efficiency by automating routine tasks, reducing risks through advanced AI assessments, and simplifying compliance management, leading to better overall third-party management for enterprises.
Analyst QuickTake: In recent years, startups have focused on delivering supplier risk management solutions to enhance supply chain resilience. In May 2024, Craft launched a new supplier risk management solution to help organizations maintain compliance and prevent supply chain disruptions.
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