Regulatory changes and the growing focus on environmental, social and governance (ESG) factors are challenges for risk and compliance professionals. A large portion of these professionals consider regulatory changes a major concern, and many acknowledge the increasing importance of ESG issues. Because of these trends, there is a need for advanced tools to navigate the ESG landscape.
In the past, such tools may have been seen as optional or even advantageous, but they are now becoming absolutely essential. The evolving regulatory environment and the emphasis on ESG necessitate a more sophisticated approach to risk and compliance management. For example, these advanced tools can help professionals stay ahead of regulatory changes, effectively manage ESG risks and ensure their organizations are operating in accordance with best practices.
Certa helps many firms worldwide with third-party risk, compliance and ESG management. Certa is a platform to manage all third parties globally which can be personalized via a no-code studio and an open architecture with 120-plus ready-made integrations.
Recently, Certa announced the widespread availability of its generative AI capabilities. By weaving generative AI throughout the platform, Certa will let organizations manage risk and compliance for vendors, partners and clients and proactively navigate the regulatory landscape and cultivate sustainable business practices.
Fueling this new approach by Certa are three key pillars:
- AI-powered workflows: Certa's generative AI simplifies tasks at every step of the third-party lifecycle. Users now design workflows using natural language. AI-powered questionnaire responders accelerate data collection from third parties, while automated risk assessments extract insights from contracts, security reports and ESG disclosures. This saves time and resources.
- Intuitive user experience: Certa redesigned its UI. Inspired by the clean design principles of some of the top consumer applications, the platform boasts an effortless and intuitive navigation experience. The revamped Certa Studio features a refreshed library of drag-and-drop templates and user-friendly tools. Users, no matter their technical background, can craft custom workflows with ease.
- Effortless ESG integration: Most companies are prioritizing sustainability. Certa's plug-and-play ESG modules integrate into existing workflows, which allows businesses to effortlessly comply with global frameworks like CSDR, EUDR and CBAM. The platform also prepares organizations for upcoming regulations from regulatory bodies like the SEC and California.
The long-story-short of it? Certa's AI-powered platform equips professionals with the agility to easily processes and proactively adapt to the regulatory environment.
“By transforming unstructured information from contracts, SOC reports and ESG disclosures into structured, actionable insights, we’re empowering businesses to get a clearer picture of their entire third-party ecosystem and make more informed decisions,” said Jag Lamba, CEO and founder of Certa.
With GenAI capabilities, Certa is on track to stay ahead of the pack when it comes to the way businesses manage third-party relationships. Organizations will not only mitigate risk and stay compliant, but they will also cultivate sustainable and responsible business practices for the future.
Edited by
Alex Passett
