Independent certification supports enterprise confidence in the security practices behind Focal Point’s AI procurement platform

Focal Point, the AI procurement platform for enterprises, today announced that its information security management system (ISMS) has achieved ISO/IEC 27001:2022 certification. The certification independently validates how Focal Point manages information security risks within the scope of its certified operations.

Issued by A-LIGN Compliance and Security, Inc., the certification covers the design, development, implementation and ongoing operation of Focal Point’s AI procurement platform and related automated procurement services.

Procurement teams work across sensitive supplier information, contracts, purchasing activity and risk assessments. As enterprises bring AI into these connected workflows, they need to understand how the technology provider manages the information on which that work depends. Focal Point’s ISO/IEC 27001:2022 certification gives customers an independently assessed standard to consider in their security reviews.

“Speed in procurement can never come at the expense of data security,” said Anders Lillevik, Founder and CEO of Focal Point and a former Chief Procurement Officer. “As enterprises use AI across more of their procurement workflows, they need confidence in the practices behind the platform. This certification gives customers independent evidence of how we manage information security risk.”

ISO/IEC 27001:2022 is an international standard that establishes requirements for an information security management system. Certification follows an independent assessment of how an organization identifies, manages, and continually improves its approach to information security risk within a defined scope.

Focal Point’s AI procurement platform connects procurement teams and business stakeholders across request intake, sourcing, contracts, supplier management and risk. Built by a former CPO, the platform gives teams visibility into requests, projects and supplier activity across existing systems. Configurable workflows and AI help route requests, reduce manual work and surface the information teams need to move projects forward without replacing the systems they already use.

Security for AI-Powered Procurement

As AI takes a larger role in procurement, useful recommendations depend on context from across requests, suppliers, contracts and the people involved in each decision. Focal Point’s approach brings that context together while supporting the development and operation of the platform through its certified information security management system. The ISO/IEC 27001:2022 certification complements Focal Point’s existing SOC 2 Type II attestation.

“AI becomes more useful in procurement when it can work with the full context behind a request,” said Maxim Maximov, Chief Technology Officer at Focal Point. “That context can include supplier information, contract details and input from multiple teams. Disciplined information security is essential to how we develop and operate a platform that brings those elements together. This certification gives customers independent evidence of the management system supporting that work.”

Join Focal Point in October

Join Focal Point Founder and CEO Anders Lillevik in October for “3 Questions to Pressure-Test Your AI Procurement Platform,” a webinar on how enterprise procurement teams can put AI to work across connected workflows. Attendees will get a firsthand look at how Focal Point’s AI procurement platform brings together requests, supplier information and project activity to help teams identify bottlenecks, coordinate work and move priorities forward. Register here.

About Focal Point

Focal Point is the AI procurement platform for enterprises. The platform connects people, workflows, data and existing systems across request intake, sourcing, contracts, supplier management and third-party risk, giving procurement teams the context and intelligence to make better decisions and move work forward faster.

By automating routine work and orchestrating procurement processes across the enterprise, Focal Point helps procurement organizations spend less time managing tactical work and more time creating strategic business value.

Founded by former Chief Procurement Officer Anders Lillevik, Focal Point is headquartered in Atlanta. Learn more at GetFocalPoint.com or connect with Focal Point on LinkedIn.

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