Automate or Stagnate: GenAI's Promise for Third-Party Risk Management

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With budgets under pressure and risk teams overstretched, firms are turning to generative AI (GenAI) to revolutionize third-party risk management. Certa’s 2025 whitepaper, Bridging the Productivity Gap in Third-Party Risk Management with AI, commissioned from CeFPro, lays out how GenAI is beginning to close the TPRM productivity gap.

GenAI can dramatically streamline how firms create and maintain workflows. Where traditional systems require collaboration with IT or consultants to reconfigure processes, GenAI platforms like Certa allow teams to input policy changes in plain language and generate new workflows automatically.

This reduces time spent on regulatory updates from 10-20 hours a month to minutes.

The technology also tackles one of TPRM’s biggest pain points - document analysis. Contracts and certifications vary widely in format, making them resistant to standard automation.

But GenAI can parse and summarise even unstructured documents, flagging high-risk elements for human review and allowing risk teams to focus on judgment, not transcription.