Creance.ai

Creance is a joint venture between PwC Germany and Aleph Alpha. Their application, Creance.ai, seamlessly combines PwC Germany's expertise in auditing & advisory and Aleph Alpha’s sovereign generative AI capabilities.

Creance.ai is an AI-powered compliance solution built on PhariaAI. It is designed to help enterprises stay compliant with regulations, laws, acts, guidance, policies, and similar constraints.

Creance.ai currently supports the European Union's Digital Operational Resilience Act (DORA). More regulatory regimes will be supported in the near future.

Background

The overwhelming volume and complexity of regulations have become laborious to manage with standard approaches. At the same time, there is a growing risk of heavy reputational and financial consequences of non-compliance.

The new EU regulation DORA must be implemented by all companies in the financial sector by 17 January, 2025.

Contracts with ICT service providers (including nearly all banks and insurance companies) require validation against DORA Article 30 requirements. This process can involve hundreds of contracts per enterprise, and the checking of which involves enormous time and expense.

This ever-changing landscape of regulations and rapid technical progress require future-proof approaches.

What does creance.ai do?

With creance.ai, DORA compliance can be ensured using AI-powered contract analysis.

Creance.ai automates complex compliance tasks, ensuring enterprises identify and manage compliance risks. It helps compliance and legal teams quickly assess documents against regulatory requirements, enabling proactive regulatory adherence.

​With creance.ai, you can streamline, analyse, and manage your DORA-relevant contracts in a single unified platform.

Want to learn more?

We invite you to book a demo on the Creance website: https://www.creance.ai/