AUTOMATED STEWARDSHIP REVIEW USE CASE

Automated group-wide business intelligence in seconds

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AT A GLANCE:

ChallengeAutomate group-wide financial information

User requirementDrill-down financial reporting with human co-authoring option

Benefits• Time and cost savings

• Risk mitigation

• Group-wide view of financial information

The challengeLarge organizations that comprise of multiple legal entities appoint members of the board to act as stewards to maintain the financial accounts. The reporting cycle in this instance is quarterly. As is usually the case with most modern corporate groups, creating the required financial statement, income statement and balance sheet, is an automated activity. However, adding commentary to the significant movements in the general ledger line items of these financial statements is currently a manual activity. The manual process faces the following challenges:

• Data quality and governance at all levels of accounting is required

• Like all other repetitive manual activities, this is slow and error prone which in turn increases the risk of material misstatement and or non-compliance.

• Unfortunately, the reality of variable capabilities of different staff, particularly when dispersed across different geographies, further increases the challenges of delivering consistent information that is accurately prepared and narrated

• Quality assurance of the report is further challenged when people work under severe time constraints, filling in for colleagues on holiday, ill, away on sabbaticals, maternity leave. The list goes on.

The solution Arria NLG technology combines the ability to drill-down from a movement to its root cause, and roll-up the causal chain, with its computational linguistics capability. You can automate the production and narrated commentary for major sections of a financial report.

The key difference is that an Arria NLG application performs this process in seconds rather than hours. We work with you to ensure it’s 100% accurate at point of delivery.

The technology never sleeps nor takes a break, it’s never ill and doesn’t go and work for your competition. Furthermore, Arria’s co-authoring framework ‘CoCoA’ enables experts to add extra contextual and external information that is not in the data.

It is this ‘machine plus human’ capability from Arria that enhances your team’s efficiency and job satisfaction – we remove the mundane number crunching and replace it with actionable information.

Artificial intelligence is changing the way we liveNLG technology is a game-changing technology that revolutionizes the way we work. Our goal is to humanize artificial intelligence by giving you the tools to transform your data so that it can communicate its insights directly to you, in seconds.

Automated group-wide financial review

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Arria NLG plc is a company registered in England and Wales having its registered office at Space One, 1 Beadon Road, London W6 0EA, United Kingdom with registered number 07812686. Arria NLG Software Engine, Arria NLG Engine and NLG Engine are trademarks of Arria NLG plc. Company names and company

logos are trademarks of their respective owners. Entire Contents © 2016 by Arria NLG plc with all rights reserved.

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