LONDON and NEW YORK, Dec. 22,
2015 /PRNewswire/ -- Genpact (NYSE: G), the architect
of the Lean DigitalSM enterprise, and Arria NLG (AIM:
NLG), a world leader in artificial intelligence and natural
language generation, are partnering to help banks, financial
services companies, and other enterprises dramatically transform
how they leverage automation and run complex business reporting
processes.
Genpact's Lean DigitalSM approach combines design
thinking methodology with Lean principles and advanced technologies
from partners like Arria NLG to rearchitect business processes
beyond the front end and into the middle and back office. The Arria
NLG Platform uses natural language generation and other artificial
intelligence technologies to provide real-time advanced data
analysis and insights that help automate finance operations such as
credit reporting and financial planning and analysis
(FP&A).
Together, Genpact and Arria NLG make financial reporting
operations more intelligent, able to execute faster and more
accurately, and learn and adapt over time. The new solutions are
part of Genpact's Systems of Engagement™
portfolio, which embeds leading digital technologies within
cloud-based offerings added on top of clients' existing systems to
streamline and transform operations in an agile and flexible
manner.
Arria NLG joins Genpact's Lean Digital incubation program, a
unique Silicon Valley-based partner ecosystem that combines the
power of new disruptive technologies with Genpact's deep industry
domain and hands-on process expertise, while leveraging the global
reach of one of the largest real-world business processing
environments.
FP&A traditionally has defied automation tools due to the
complexity of data and source systems, as well as the qualitative
judgment applied by analysts. Most credit reporting and related
processes depend on simple spreadsheets and basic technology,
disintegrated data sources, slow and manual processes, and
rules-based analysis supplemented by human interaction, all of
which hinder enterprises' ability to make fast, accurate, and
insightful decisions and forecasts.
FP&A is now the latest of manually-dependent operations to
be transformed by the power and promise of digital technology.
Genpact and Arria NLG combine process improvement with artificial
intelligence and automation tools to revolutionize the speed of
reporting while increasing the consistency and quality of data. For
example, in credit reporting, the solutions automatically gather
and collate data from multiple internal and external sources;
synthesize relevant information hundreds of times faster than
traditional manual processes; and immediately provide accurate and
consistent commentary, analysis, and forecasting.
"The intelligent automation that Genpact and Arria NLG deliver
also eliminates human bias and potential for errors," said
Sanjay Srivastava, senior vice
president and chief digital officer, Genpact. "As a result of
dramatically improved speed and efficiency, clients are more
effective in responding to new market opportunities, complying with
evolving regulatory requirements, and competing effectively with
new disruptors in their industries."
"Through this relationship with Genpact, Arria NLG's Platform
reaches a far wider, global audience than can be achieved through
our own direct sales process," said Stuart Rogers, chairman and chief executive
officer, Arria NLG. "Our investment in expanding our
development and technical teams to support the projects coming from
Genpact is a core part of our strategy, and we also look forward to
partnering together in Genpact's Silicon Valley innovation
lab."
For more information, see www.genpact.com/leandigital.
Arria NLG
Arria NLG's core product is known as the
Arria NLG Platform, a form of artificial intelligence software,
that specializes in extracting information from complex data
sources and communicating that information in natural language
(i.e. as if written by a human). The scientific foundation for the
Arria NLG Platform is based on more than 30 years of research and
development by the Data2Text Founders at the University of Aberdeen. For additional information,
visit www.arria.com. Follow Arria NLG on Twitter, LinkedIn, Google+
and YouTube.
About Genpact
Genpact (NYSE: G) stands for
"generating business impact." We architect the Lean
DigitalSM enterprise through a unique approach based
on our patented Smart Enterprise Processes (SEPSM)
framework that reimagines our clients' middle and back offices to
generate growth, cost efficiency, and business agility. Our
hundreds of long-term clients include more than one-fourth of the
Fortune Global 500. We have grown to over 70,000 people in 25
countries, with key management and a corporate office in
New York City. We believe we are
able to generate impact quickly and power Intelligent
OperationsSM for our clients because of our business
domain expertise and experience running complex operations, driving
our unbiased focus on what works and making technology-enabled
transformation sustainable. Behind our passion for technology,
process, and operational excellence is the heritage of a former
General Electric division that has served GE businesses since 1998.
For additional information, visit www.genpact.com. Follow
Genpact on Twitter, Facebook, LinkedIn, and YouTube.
For more information:
Gail Marold
(Genpact Media Relations)
gail.marold@genpact.com
+1
919-345-3899
|
Dan Wilson
(For Genpact U.S.)
dan.wilson@ogilvy.com
+1
212-880-5346
|
Will Painter
(For Genpact Europe)
will.painter@ogilvy.com
+44 (0)207 309
1131
|
|
|
|
Heather
Armstrong (For Arria NLG)
heather.armstrong@investor-focus.co.uk
+44 (0) 203 053
8671
|
Scott Beaver
(For Arria NLG U.S.)
BeaverS@ruderfinn.com
+1 541-
326-5847
|
|
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SOURCE Genpact