Contract analysis with creance.ai: revolutionary AI solutions for compliance and legal services

Seamless compliance assessments and efficient workflows with our AI solution – trusted, trained and hosted in Germany.

Your expert in case you have questions

Dr Christoph Andreas Weber
Director at PwC Germany
Tel.: +49 151 21174518
Email

AI-powered excellence in compliance: creance.ai for DORA and much more

Efficiently complying with new and ever-growing regulations is a constant challenge, and one which is made harder by the huge quantities of data, complex organisational structures and limited capacity to carry out the work found in today’s companies. The EU’s Digital Operational Resilience Act (DORA) is a prime example of the increasing risk management requirements that companies are expected to comply with.

Creance, the new joint venture between Aleph Alpha and PwC Germany, offers an innovative solution to this problem. It takes compliance to a new level by combining Aleph Alpha’s state-of-the-art AI with PwC Germany’s comprehensive consulting expertise. The creance.ai platform enables you to seamlessly integrate regulatory requirements into your processes – whether they’re from DORA or from new regulations in the future. Creance is trained and hosted in the EU, which means it operates under the strict data protection standards that we’ve laid down at PwC and Aleph Alpha – and there aren’t any tech giants pulling the strings.

The first use case that our joint venture aims to address is third-party risk management for DORA, using generative AI to efficiently analyse, manage and optimise your contracts with third parties. This provides you with a scalable, audit-proof and future-proof solution that boosts the efficiency of your risk management now and will keep pace with new regulations in the future.

70%

reduction in time to analyse your contracts, saving your expert employees from monotonous and laborious work.

172,000

data points checked and evaluated during AI training.

80

PwC experts involved ensuring that our AI tool provides compliance justifications and real value.

See for yourself

Request a personal demo appointment

AI contract management for DORA compliance: efficient, reliable and future proof

Creance offers numerous features to help your company comply with DORA:

  • Efficient analysis of DORA requirements – quickly and inexpensively
  • Optimisation of your compliance and legal processes through more automation and higher quality through human-machine workflows
  • Clear oversight of risks in contracts and transparent reporting to minimise risk
  • Automated assessments and analyses, saving you time and resources
  • Audit-proof solutions based on transparent methods and public algorithms or proprietary academic research, with unlimited open-source compatibility and future-proof design 
  • Support for many different IT ecosystems and infrastructure configurations to maximise scalability and flexibility, including hybrid and dynamic configurations and fully scalable cloud options
  • PwC’s global consulting expertise combined with Aleph Alpha’s advanced AI, delivering comprehensive compliance solutions

Our services for DORA-compliant contract management

To give you the flexibility to choose exactly what you need to manage your contracts, we offer three packages of services, tailored to your requirements.

For this package, we use Creance’s advanced AI to analyse your contracts and identify any risks or discrepancies. All analyses are then carefully verified by our experienced legal experts to make absolutely sure that your contracts are up to standard. This package is ideal if you want to create a solid foundation for contract management in your company.

If you need more than just contract analysis, this package includes all the same services as Package 1 plus comprehensive support with amending and renegotiating your contracts. Our legal experts will work closely with you to agree the necessary amendments, and can also guide you through the negotiation process to guarantee a successful outcome. This package is ideal if you have a lot of amendment and renegotiation to do in your contract portfolio.

Our third package is our most comprehensive, providing all the services found in Packages 1 and 2 together with full project management services. From planning through to implementation, we’ll manage and coordinate the entire contracting process so that you can concentrate on your core business. This package is ideal if you want full and efficient outsourcing of your contract management projects.

Our DORA-compliant contract management services provide the flexibility and expertise that you need to create efficient contracting processes and achieve your desired outcomes. Just choose the package that best meets your needs and reap the benefits of our know-how!

Flexible and easily integrated

Alternatively, you can also harness the power of creance.ai as a SaaS solution. This option gives you the flexibility to integrate AI into your processes the way you want, allowing you to run contract analyses for yourself.

Creance can also be run on your own servers, or on servers belonging to existing cloud or hybrid ecosystem partners – talk to us and we’ll find a solution that works for you.

Client Voices

“The detailed explanations from Creance not only identified gaps but also provided actionable insights that added real value to our DORA compliance process. What sets Creance apart is its integration of legal expertise and AI-powered insights.”

VÖB-Services GmbH 2024

“By cutting down manual review time and providing clear compliance justifications, Creance accelerates the path to regulatory alignment and delivers significant value to the legal and compliance processes.”

Stuttgart stock exchange 2024 

Webcast – DORA: Navigating the Digital Future with creance.ai

The DORA regulation is in force: how can you future-proof the complex compliance requirements and optimise your third-party risk management with AI? Discover how our innovative AI solution “creance.ai” can help with this! On 27 February, our experts will present our joint AI solution with Aleph Alpha in a webcast and share valuable insights from the intensive development phase.

Register now

“Creance is a groundbreaking product for radical transformation in the legal and compliance market: combining top-class AI and well-founded global consulting expertise allows us to do a better job than ever before of helping our clients to tackle complex challenges in a disruptive world. We’re now aiming to expand this to other areas, and to establish Creance’s AI solutions as the industry standard for legal and compliance work.”

Björn Viebrock, Member of the Management Board and Head of Tax & Legal, PwC Germany

Want to see creance.ai in action?

Book your very own demo session today!

About creance.ai

Creance was launched by PwC Germany and Aleph Alpha, a leading generative AI company, to create an innovative AI solution for the legal and compliance market.

Follow us

Contact us

Dr. Christoph Andreas Weber

Dr. Christoph Andreas Weber

Director, PwC Germany

Tel: +49 151 21174518

Philipp Schulz

Philipp Schulz

Director, DORA Lead, PwC Germany

Tel: +49 151 46164136

Felix van Hoffs

Felix van Hoffs

Director, PwC Germany

Tel: +49 175 9849691

Dr. Alexander Theusner

Senior Manager, PwC Germany

Tel: +49 1517 0208319

Hide