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Certa introduces GenAI capabilities to third-party management platform
Supply Chain Tech
Jun 11, 2024
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Supply Chain Tech

Supply Chain Tech

Jun 11, 2024

Certa introduces GenAI capabilities to third-party management platform

Product updates

  • 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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