Verano utilizes proprietary AI agents to automate over 80% of regulatory compliance tasks, integrating seamlessly with platforms like ServiceNow and SAP. This solution enables organizations to efficiently manage compliance workflows while proactively mitigating risks in real-time.
Funding
Funding not disclosed
PAFounders
Product
Problem
Organizations face increasing complexity in regulatory compliance, requiring significant time and resources to monitor changes, identify applicable requirements, and ensure adherence to internal policies. These manual processes are prone to errors, create compliance gaps, and increase the risk of regulatory penalties.
Solution
Verano provides an AI-powered RegTech platform that automates over 80% of regulatory compliance tasks, enabling organizations to streamline workflows and proactively mitigate risks. The platform uses proprietary large language models (LLMs) and generative AI to monitor regulatory updates, identify legal requirements, map compliance gaps, and suggest corrective actions. By integrating with existing platforms like ServiceNow, SAP, IBM, and Microsoft, Verano centralizes data access, automates workflows, and reduces the time and resources required to maintain compliance.
Target Audience
Verano's primary customers are organizations in regulated industries, such as oil and gas, energy, and finance, that need to efficiently manage regulatory compliance and mitigate risks.
Features
- Real-time regulatory monitoring and summaries across multiple jurisdictions and industries
- AI-powered identification of legal and regulatory requirements
- Compliance mapping to identify gaps between regulatory requirements and internal policies
- Generative AI for suggesting compliance corrections and tailored recommendations
- Centralized and unified data access for efficient handling of compliance requests
- Streamlined workflows for data collection, task coordination, and deliverable creation
- Integration with existing platforms like ServiceNow, SAP, IBM, and Microsoft