Say Hello to CertaAssist: the Future of AI-enhanced Third Party Management
Firms today are more interconnected than ever with an ever-increasing number of third parties. This interconnectedness, however, naturally introduces growing global compliance needs, increased risks due to scaling third party dependencies, and evolving ESG requirements.
As the global third party ecosystem grows in complexity, Certa’s vision remains simple: help global companies do good business together. Today, we are launching CertaAssist, an intuitive AI companion for faster, simpler third party interactions, along with rapid-integration modules so you can spend more time doing good and less time doing the tedious.
The initial roll-out of CertaAssist has recorded substantial customer impacts, including a 30% reduction in implementation time and more than 90% overall accuracy.
Your Operations, Supercharged
CertaAssist brings advanced generative AI to the forefront of third party management to solve the Compliance, Risk, and ESG industries’ most challenging remaining problems. We recognize and deeply understand these challenges first-hand, working closely with firms of all sizes across industries to effectively implement and meet their Compliance & Risk needs. In doing so, we’ve identified two key personnel bottlenecks that can be unblocked with AI.
The first is that while the Compliance & Risk industries have begun to digitize their processes, the challenge remains in updating existing workflows or creating new ones, and both take a long time and require non-trivial resourcing costs. CertaAssist’s Design AI enables admins to directly update and create new workflows using plain English.
The other common bottleneck is that managers heavily rely on analysts to receive reports and make data-driven decisions, and this pain only grows as the business continues to scale. With CertaAssist, managers can now turn to Insights AI to help them collect and visualize their data so they can action on key insights.
Both of these CertaAssist features are available today, and we’re just getting started.
Revolutionize Supplier Efficiency
Say goodbye to cumbersome onboarding paperwork. With Recall AI, third parties can auto-fill lengthy client questionnaires based on previously input data, even if those clients are not using the Certa platform. This not only saves time for suppliers but also ensures that businesses have consistent and accurate data across all of their relationships.
Recall AI will be generally available later this year.
Eliminate duplicate, tedious work
Finally, business requestors don’t have the time or desire to keep learning new systems and UIs. This is why we’re really excited about the fourth CertaAssist feature, Intake AI. We’ve already seen the shift from catalog to guided intake. But business users don’t want to learn a new UI, and now they don’t have to. Certa’s Intake AI enables business users to automatically kickstart the supplier onboarding process via email by forwarding basic third party details to CertaAssist, ultimately reducing cycle times and eliminating manual form-fills.
Intake AI will also be generally available later this year.
Best-in-Class Building Blocks
Certa’s rapid-integration modules are pre-configured solutions that enable you to ramp up on your unique Compliance, Risk, and ESG requirements rather than starting from scratch. These modules are built with best practices and industry insights from Fortune 100 companies so you can bypass lengthy setups while retaining full personalization capabilities.
This launch of CertaAssist and best-in-class modules represents a turning point for the Compliance & Risk industries, and is also a strategic step into building the Certa Network: a true ecosystem across customers, partners, and third-party suppliers that will seed critical network effects. The future holds the promise of frictionless onboarding, intuitive supplier discovery, comprehensive yet personalized third party management, and so much more. We’re excited to welcome the future of third party management, powered by AI.