Third Party Risk and Compliance for Innovative Life Sciences
Manage global third party relationships under rigorous regulatory scrutiny.
Life Sciences companies face a daunting task of managing an extensive network of global third party relationships with sales intermediaries, healthcare providers, and more — all while meeting stringent regulations to avoid hefty fines and protect reputations.
Certa’s AI-powered platform streamlines compliance, performs comprehensive risk assessments, and ensures ongoing management throughout the third-party lifecycle. Simplify regulatory adherence (e.g. HITECH, ABAC), mitigate risks, and support your mission to deliver innovative healthcare solutions efficiently.
The future of TPRM is here with Certa’s AI-Powered Operating System
Automatically create questionnaires and workflows that you can easily update without coding
Streamline due diligence and reduce duplicate work by automating the third party screening process
Let AI pre-fill questionnaires using existing documents, reducing manual effort from your third parties and improving time to value
Rapidly assess third party relationships against new requirements by analyzing all documentation (e.g. SOC2, contracts, etc.)
Get on-demand analysis of third parties, contracts, and documents impacted by evolving requirements
Manage ABAC compliance by following the most up-to-date guidance from agencies such as the SFO and under laws like the FCPA.
Maintain an auditable book of record for compliance with FDA regulations such as 21CFR, FDASIA, ISO9001, ISO/IEC 17025, and GMP.
Ensure that you’re fully documenting your compliance with requirements governing health information privacy, including provisions from the HITECH Act.
Stay on top of ESG requirements like Scope 3, supplier diversity, forced labor, and ensure proper disclosure of conflict minerals as outlined by Section 1502 of the Dodd-Frank Act.
Protect the integrity of your supply chain with continuous monitoring for quality and compliance issues and ensure timely delivery of critical materials.
Manage third parties involved in your clinical trials, ensuring compliance with GCP (Good Clinical Practice) and reducing time-to-market for new drugs and devices.
Delivering Quantifiable Results For Life Sciences firms
Faster Onboarding
Global 1,000 Ecommerce Company
-
75% of suppliers onboarded <20 days and 31% of suppliers onboarded in the same day
Substantial Time Savings
Fortune 500 Manufacturing Company
-
Eliminated manual entry by the legal team, leading to company & vendor time savings and fewer human errors.
Tighter Risk & Compliance
Global 1,000 Company in UK
-
Mitigated regulatory risk exposure in customer onboarding & compliance
Life Sciences Features
Manage third party risks in one place, with compliance tailored to each relationship and aggregated to the product or service line level.
Meticulously manage the most timely risks, like ABAC, supply chain integrity, and information security
Maintain one repository as your source of truth for all third party risk, compliance, performance information, reporting and analysis
Analyze evidence aligned with client-specific risk appetites
Streamline information security and privacy assessments, reducing manual work
Ensure resilience to contract risk, confidentiality breaches, fraud, and more
Maintain a thorough business continuity management program to ensure third parties deliver on time
Streamline tedious processes for fully automated due diligence and oversight, leading to cost savings and efficiency.
Dynamically generate the appropriate due diligence processes and controls
Leverage all internal and external data sources, involving stakeholders as needed
Continuously assess and adjust for risks even after onboarding
Fully automate repetitive tasks so your team can concentrate on managing exceptions and performance
Integrate with your existing systems and data using 120+ pre-built integrations and middleware
Implement and manage any number of controls with ease for thorough oversight and accountability
Guarantee that you’ll be covered even as frameworks, regulatory bodies, and internal policies change.
Modify workflows and frameworks without the help of consultants, Certa team members, or IT
Empower global teams and partners with Certa’s 50+ languages
Easily edit workflows in response to changes to internal policy or personnel
Enhance capabilities with Generative AI - as much or as little as you are comfortable with
