Arria NLG PLC Framework Agreement with Genpact (7902J)
December 22 2015 - 2:00AM
UK Regulatory
TIDMNLG
RNS Number : 7902J
Arria NLG PLC
22 December 2015
22 December 2015
Arria NLG plc
("Arria NLG" or the "Company")
Framework Agreement with Genpact
Arria NLG plc (AIM: NLG), a leader in the development and
deployment of Natural Language Generation ("NLG") technologies, is
pleased to announce a new framework agreement for configuration,
deployment and licensing of multiple NLG applications with Genpact
(NYSE: G). Genpact is the architect of the Lean Digital(SM)
enterprise and a global business process outsourcing and
information technology services company with a market
capitalisation in excess of $5bn.
Under the framework agreement, Arria NLG will supply its natural
language generation and other artificial intelligence technologies
to Genpact to provide real-time advanced data analysis and
commentary while automating credit reporting and financial planning
and analysis for Genpact's customers. These added technologies will
allow customers in the banking and financial services industry,
among others, to significantly enhance their operations by
improving existing automation systems for numerous complex business
reporting processes.
Through this framework agreement, Genpact and Arria NLG make
financial reporting operations more intelligent, able to execute
faster and more accurately, and to learn and adapt over time.
Genpact's Lean Digital(SM) approach enables large companies to
re-architect their middle and back office operations to achieve
measurable impact such as growth, cost efficiency, and business
agility using advanced technologies from partners like Arria NLG.
The new solutions are part of Genpact's Systems of Engagement(TM)
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.
Historically, financial planning and analysis have been
difficult to automate due to the complexity of data and source
systems, as well as the inability to capture the applied expert
judgement of an analyst through a computer. The majority of credit
reporting and related processes depend on simple spreadsheets and
basic technology, independent 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.
Genpact and Arria NLG will combine process improvement with
artificial intelligence and automation tools to transform 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.
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.
Stuart Rogers, Chairman and Chief Executive Officer, Arria NLG,
commented: "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. Our investment in expanding
our development and technical teams to support the projects coming
from Genpact is a core part of our 2016 strategy, and we also look
forward to partnering together in Genpact's Silicon Valley
innovation lab."
Sanjay Srivastava, Senior Vice President and Chief Digital
Officer, Genpact, said:
"The intelligent automation that Genpact and Arria NLG deliver
also eliminates human bias and potential for errors. 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."
For further information, please visit www.arria.com or
contact:
Arria NLG plc Tel +44 (0)20 7100 4540
Stuart Rogers
Chairman and Chief Executive
----------------------------- ---------------------------------------
Allenby Capital Tel: +44 (0)20 3328 5656
Nominated Adviser & Joint
Broker
Nick Naylor
Jeremy Porter
James Reeve
----------------------------- ---------------------------------------
MSL Capital Markets - Tel: +64 (0)4 472 2716
Lead Manager
Andrew McDouall
Justine Dunnett
Peter Lynds
----------------------------- ---------------------------------------
Westhouse Securities - Tel: +44 (0)20 7601 6100
Joint Broker
Antonio Bossi
Robert Finlay
----------------------------- ---------------------------------------
IFC Advisory - Financial Tel: +44 (0)20 3053 8671
PR and IR tim.metcalfe@investor-focus.co.uk
Tim Metcalfe graham.herring@investor-focus.co.uk
Graham Herring heather.armstrong@investor-focus.co.uk
Heather Armstrong
----------------------------- ---------------------------------------
Ruder Finn - PR (USA)
Scott Beaver (West Coast) Tel: +1 541-326-5847
Brianna Mulligan (East Tel: +1 203-246-1304
Coast)
----------------------------- ---------------------------------------
Arria NLG
Arria NLG's core product is known as the Arria NLG Platform, a
form of artificial intelligence software, specialised 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 Digital(SM) enterprise through a unique approach
based on our patented Smart Enterprise Processes (SEP(SM) )
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 Operations(SM) 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.
This information is provided by RNS
The company news service from the London Stock Exchange
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