Leading procurement technology solutions recognized for innovation and impact across digital procurement landscape

SAN FRANCISCO: Certa, the leading enterprise platform for third-party risk, compliance, and ESG management, has been named to the 2024 ProcureTech100, the definitive list of pioneering digital procurement solutions announced today by ProcureTech in association with Kearney. The company was awarded honors in both the “Advanced AI” and “Risk Management” categories. The recognition comes as Certa launches groundbreaking generative AI capabilities across its platform, setting new standards for intelligent third-party management.

The ProcureTech100, now in its fourth year, evaluated more than 5,000 technology solutions across thousands of data points to identify the most innovative and customer-centric procurement technologies. The rigorous selection process involved over 80 global corporate digital procurement leaders, digital experts, and B2B investors who assessed solutions across 15 categories, including Advanced AI, Innovation, and Customer Satisfaction.

"The procure tech space continues to be a powerful hub of innovation and inspiration," commented Dr. Elouise Epstein, Partner at Kearney. "As we advance to the future, the market continues to grow and contract, a sign of a healthy, dynamic ecosystem."

Certa's selection to the ProcureTech100 validates its position at the forefront of procurement technology innovation. The company's platform now features comprehensive generative AI capabilities that transform unstructured data from contracts and reports into actionable insights, autofill questionnaires using existing vendor information, and translate business requirements into workflow design, enabling organizations to make more informed decisions about their third-party relationships.

"The ability to leverage artificial intelligence to analyze complex data represents a fundamental shift in how businesses operate," said Jag Lamba, CEO and Founder of Certa. "By transforming unstructured information into structured, actionable insights, we're enabling organizations to make smarter, more informed decisions while dramatically reducing the time and effort required by traditional manual processes."

The platform's key innovations include:

• AI-powered workflow design using natural language
• Automated questionnaire responses for accelerated third-party onboarding
• Intelligent risk assessment from various document types
• Plug-and-play ESG modules for global compliance
• Redesigned user interface for enhanced functionality

ProcureTech CEO Lance Younger noted, "Organizations selected for this year's ProcureTech100 continue to push the boundaries of the possible, trailblazing for the industry, offering unrivaled user experience and scalability, solving the most complex and simple procurement challenges."

For more information about the ProcureTech100, visit www.procuretech.ai. To learn more about Certa's innovative solutions, visit https://www.certa.ai.

About Certa

Certa provides the leading software platform for enterprises to manage risk, compliance, and ESG for their third parties including vendors, partners, and clients. The platform features comprehensive generative AI capabilities and over 130 ready-made integrations, enabling organizations to navigate regulatory complexities while maintaining robust, compliant, and sustainable third-party relationships.

About ProcureTech

ProcureTech accelerates and amplifies the digital future of procurement by solving current and emerging challenges through new thinking and a new platform for procurement leaders, entrepreneurs, and the procuretech ecosystem. The organization catalyzes digital procurement transformation through its proprietary platform connecting solutions, intelligence, and experts.

About Kearney

Kearney is a leading global management consulting firm with more than 5,700 people working in more than 40 countries. We work with more than three-quarters of the Fortune Global 500, as well as with the most influential governmental and nonprofit organizations.

Fonte: Business Wire