Your expert in case you have questions
Dr Christoph Andreas Weber
Director at PwC Germany
Tel.: +49 151 21174518
Email
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.
Creance offers numerous features to help your company comply with DORA:
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.
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.
“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.”
“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.”
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.
“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 GermanyBook your very own demo session today!
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.