Canada’s Assent Compliance recently landed a $350M investment in a Series C round. This funding will go a long way to help Assent Compliance grow and expand their business.
What exactly is Assent Compliance and how will they use this extra funding? Let’s take a closer look and find out.
Overview of Assent Compliance
Assent Compliance is a global software company that helps companies of all sizes in the corporate supply chain to reduce business risk and maximise compliance. We provide software and consulting services that enable organisations to comply with relevant legal, regulatory and market standards across multiple countries. Our software allows companies to screen suppliers, manage supply chain data, and stay up-to-date on local legal or regulatory requirements changes. Moreover, our smarter analysis engine ensures your company has continuous access to accurate and appropriate information.
Furthermore, our dedicated customer service team assists in developing effective processes to maximise the benefits of our solution while minimising the impact on existing IT infrastructure. Leveraging Assent Compliance’s expertise shortening time-to-market for delivering compliant worldwide solutions is achievable with peace of mind a priority concern for any organisation’s reputation in today’s global marketplace.
With this funding, Assent Compliance will be able to expand its offering into new markets, helping more companies become compliant with global regulations through improved compliance management tools and inspiring a stronger trust between customers and vendors throughout the entire corporate supply chain.
Overview of the funding
The funding provided to Assent Compliance will be used to strengthen and improve the company’s existing resources. Through this, we aim to build a more reliable and secure platform for our customers with enhanced end-to-end service capabilities. In addition, this assistance will enable us to increase our support for global professionals in risk management and compliance and improve our technology, operations and customer experience.
Specifically, the funding will be used for activities such as:
- expanding into new markets;
- expanding our current product capabilities;
- developing new solutions (including artificial intelligence);
- updating existing products with new features or functionalities;
- investing in research & development projects;
- enhancing customer support; and
- employee training activities.
Overall, Assent Compliance is focused on delivering a secure and global solution that supports customers by ensuring they have best-in-class solutions that meet their compliance needs. This funding will enable us to expand our reach to meet additional requirements of various industries while continuing to provide excellent customer service worldwide.
Canada’s Assent Compliance lands $350M
Canada’s Assent Compliance has recently secured $350M in funding, enabling the company to greatly expand their services. Assent Compliance provides compliance management software and other services to help companies comply with regulatory standards.
With this influx of capital, Assent Compliance will be able to diversify its offerings and help even more businesses ensure they are meeting their compliance goals.
Expansion of Data Solutions
Assent Compliance is committed to expanding its data solutions to encompass a wider range of industries and suppliers. With the additional funding from our investors, we can develop groundbreaking innovations and provide unique data security tools for our clients. We are dedicated to staying at the forefront of compliance technology and providing customers superior service.
Our current offerings include:
- Third-party risk assessment software
- Automated supplier onboarding
- Data privacy compliance management
- Electronic supplier declarations
- Automatic CPNI reporting
- System audit trail collection
We aim to expand our current services further by offering an integrated platform that provides insights into customer data and industry compliance trends. This will allow us to provide more focused consulting, research, auditing and training services that meet the needs of our clients. Additionally, we plan on developing new protocols and procedures related to ethical data handling, consumer privacy protection and other areas related to meeting industry standards. With these expanded capabilities, Assent Compliance can better assist larger organisations in managing complex regulatory requirements.
Expansion of Technical Solutions
Assent Compliance proposes to use the additional funding to expand our technical solutions and services. We recognize the importance of staying at the forefront of advancements in compliance technology, and we want to ensure that our clients always get the best tools and software for data collection and analysis.
Our team has identified a range of development-related projects that will help us deliver more comprehensive solutions, faster, including:
- Expanding our analytics offering to give users more control over their data
- Developing an integrated risk management platform so users can identify, assess and mitigate non-compliance risks
- Enhancing our existing software capabilities enabling real time data access through mobile apps
- Increasing our support resources by providing additional dedicated technical specialists
- Investing in our R&D processes to create new technologies tailored specifically to client requirements
With the expanded funding, Assent Compliance is determined to increase efficiency and productivity around rising compliance demands by offering advanced technology solutions which make understanding, managing and maintaining regulatory standards attainable.
Expansion of Compliance Solutions
At Assent Compliance, our mission is to provide industry-leading compliance solutions. With the recent funding, Assent will expand its suite of products and services to meet the growing global demand for regulatory and supply chain oversight. In addition, our software and compliance specialists team is dedicated to helping organisations stay compliant with local, national, and international regulations.
Expanding our compliance solutions will help ensure businesses remain in compliance with the frequently changing laws and regulations affecting their operations. We will customise our tools for each client’s unique needs and provide training on effectively using them. We are also expanding our supply chain management solutions to enable businesses to better understand their supply base by tracking supplier performance over time.
In addition, we are increasing our focus on data privacy and cyber security services. With the ever-evolving threat landscape, we recognize the need for clients to feel secure in their systems’ ability to protect customer data from external threats. This includes developing techniques for detecting malicious activities such as phishing or ransomware attacks and designing systems that restore operations quickly following an attack.
At Assent Compliance, we understand how important regulatory compliance is for any business operating internationally – whatever its size- therefore, these investments will ensure that all customers have access to the most comprehensive set of regulatory compliance capabilities available on the market. Leveraging cutting edge technologies such as machine-learning models combined with human expertise enables us ensure accuracy while providing a high degree of scalability so that no business gets left behind when it comes time to comply with regulations worldwide.
Increased Investment in Research and Development
Assent Compliance, a leading compliance solutions provider, recently announced the closing of a $350M Series D funding round. This is one of the largest investments for a technology company in Canada this year and is part of the company’s strategy to increase its investment in R&D. With the increased funding, Assent Compliance can further develop its existing technologies and create new solutions to better serve its customers.
Focus on Artificial Intelligence
Assent Compliance plans to focus on Artificial Intelligence (AI) as part of the increased investment in research and development. AI advances are at a critical juncture as fast-moving technologies bring increasing potential for innovation.
Assent Compliance plans to capitalise on this potential by investing in AI development activities and initiatives, such as:
- Investment in new and existing AI technology platforms. These can include core AI tools like natural language processing (NLP), deep learning, computer vision, machine learning (ML), recommendation engines and data mining.
- Exploring potential use cases for applied AI research such as customer segmentation or health outcomes prediction.
- Building new applications of algorithms utilising traditional methodologies.
- Integrating commercial off-the-shelf software solutions with internal products to further enhance their capabilities with AI capabilities.
- Exploring opportunities for partners or initiatives that could benefit from our AI capabilities and increase the return on the R&D investment into this area.
At Assent Compliance, we believe that by utilising the power of Artificial Intelligence technology, we can drive operational efficiency, create new revenue sources, reduce costs, improve customer satisfaction, and much more. We are excited about the many possibilities that lie ahead with our continued commitment to R&D investments in this field that will help us capitalise on emerging opportunities faster than ever before.
Focus on Machine Learning
At Assent Compliance, we believe that investing resources in research and development (R&D) can result in great successes for our organisation and customers. Recently, we were fortunate to secure additional funding for R&D, and as part of this investment we’re looking to focus on machine learning.
We plan to use the additional funds to explore the field of machine learning and the opportunities it presents us with. We aim to leverage our existing dataset, test new ideas, develop prototypes, and then evolve them into fully featured products capable of powering Assent Compliance and its customers.
In addition to this focused effort on machine learning, we plan to explore other research and development areas such as data analytics. This will allow us to better understand customer behaviour while building products that leverage customer insights into personalised experiences. We’re also investigating ways to automate manual processes using AI through natural language processing (NLP) technologies such as entity extraction.
At Assent Compliance, we’re excited about the potential that increased investment in research and development can bring us over the coming months and years. We look forward to exploring these opportunities and discovering which areas are most fruitful for our organisation – so stay tuned!
Focus on Automation
The recent influx of funding will enable us to further focus on increasing automation, strengthening our research and development capabilities and expanding our customer base. We’re looking to automate more services, streamline our internal processes and develop innovative products that lead the industry’s compliance solutions.
We are excited about this new direction for Assent Compliance and view it as an opportunity to build upon existing strengths while introducing new technologies. We plan to invest in automation from top to bottom, from developing new software applications that integrate with current systems to creating automated data collection methods. This will reduce manual workloads and help ensure that information is up-to-date and correctly entered into our system(s).
In addition, we plan to increase investment in research and development initiatives such as artificial intelligence, machine learning, natural language processing (NLP), data mining and predictive analytics. These technologies will enable us to find insights faster than ever, leveraging artificial intelligence insights into diverse industries like healthcare, transportation or hospitality for Assent’s clients operating across many sectors globally. We will also explore emerging technologies such as blockchain for increased corporate data access management security.
These investments are expected to be key components for Assent’s success in the years ahead. As we expand our automation and research & development capabilities, we look forward to bringing more efficient services and customizable solutions the market needs going forward.
Expansion of Assent Compliance’s Global Reach
With the recent investment of $350M from Canadian investors, Assent Compliance is taking advantage of the opportunity to expand its global reach. This Canadian company provides technology and services for the corporate compliance industry, and the funding will help them expand their operations into new markets worldwide.
Let’s take a look at how this funding will be used to further the success of Assent Compliance:
Expansion of Presence in Canada
Assent Compliance is delighted to announce the expansion of our global reach. With this funding, Assent Compliance will extend its presence in Canada.
We are excited to open offices in Montreal, Quebec City and Vancouver with qualified staff to better support our Canadian clients. Our Canadian presence will enable us to deliver timely and modern compliance solutions tailored specifically for the Canadian market. It will also provide a platform for further expansion into other countries worldwide.
The new offices in Canada enable Assent Compliance to further its commitment to providing state-of-the-art industry leading technologies and services that help organisations worldwide meet their ever-changing compliance obligations. We are committed to continuing our mission of helping organisations make confident decisions about compliance, protect their reputations and realise their visions for growth.
This new chapter in Assent Compliance’s history allows us to:
- remain connected with clients across Canada and
- provide localised expertise that understands how policies evolve along with issue hotspots and trends as they emerge from different areas of the country.
It furthers our goal of becoming an international provider of trusted compliance solutions that serve organisations around the globe no matter where they are located.
Expansion of Presence in the U.S.
Assent is committed to expanding its operations and global reach. With the funding acquired, Assent Compliance intends to significantly increase their presence in the United States. Specifically, the company plans to open operations in Chicago and New York with four offices across the country. In addition, the funds will be used to further develop and enhance additional supportive services in the U.S., such as client management tools and technical support programs.
The expansion into the U.S market is expected to increase Assent Compliance’s customer base throughout North America, strengthen their competitive advantage in the global marketplace, and build sustainability for future growth globally. Furthermore, it will facilitate Assent Compliance’s mission to assist companies worldwide in meeting their various compliance requirements efficiently and effectively while protecting the integrity of our customers’ data security standards.
Expansion of Presence in Europe
Within its global operations, Assent Compliance will use the funding to expand its presence in Europe. Assent’s presence in Europe currently includes offices in Ireland and the UK, but with the additional funds, Assent plans to open additional offices across Europe. In addition, consent will increase its presence and engagement with clients, regulatory bodies and partners to better serve current markets while exploring opportunities in new European jurisdictions.
Assent considers expansion into Europe an important part of its continued global growth strategy, as European regulations are complex and require comprehensive understanding of local risks and cultural sensitivity. Leveraging key members from the current team will ensure that this expansion is managed quickly and appropriately, resulting in a seamless transition for customers who operate within multiple European countries.
Previous work indicates that having a physically present team is imperative for successful growth within Europe; it ensures close communication with clients and serves as an ongoing resource to help customers comply with ever-evolving regulations across the continent. By expanding into those markets through physical locations, Assent Compliance plans to use the additional funding to provide a more comprehensive service for existing customers while continuing to grow its client base by tackling new opportunities across Europe.
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