Alliance Introduces Reliable AI for Finance Users to Ask Any Question of Enterprise Systems in Real-Time, in Natural Language
Finance Users Can Leverage AI to Ask Questions and Get Accurate Answers in Dashboards, Charts or Text, On-the-Fly, without Intermediaries or Specialized Visualization Tools
PALO ALTO, Calif., Oct. 24, 2023 /PRNewswire/ -- KPMG in India, one of the leading professional services firms, and Vianai Systems, a leading Human-Centered AI (H+AI™) platform and products company, today announced a transformational alliance to put reliable, conversational AI directly into the hands of finance users with Vianai's hila Enterprise.
The innovative joint offering by KPMG in India and Vianai Systems will leverage Vianai's hila Enterprise fine-tuning and optimization capabilities, with enterprise systems of record. Targeted specifically at finance professionals, Conversational Finance will allow finance users to ask any question against their systems of record, internal documents, public data, and other data in natural language, with a view to get immediate responses by way of text, dashboards, charts and more.
Today the adoption of Artificial Intelligence (AI), and the use of Large Language Models (LLMs) in enterprises has largely been a non-starter for business users that require an extremely high degree of accuracy and reliability, in particular those in finance roles. Issues of LLM hallucinations and inaccuracies are simply too risky for business-critical functions such as finance to adopt AI.
As a result, finance teams have not been able to take advantage of the latest AI advancements and instead many still rely heavily on Information Technology (IT), analysts, visualization tools, experts, and others to find answers to their questions.
The alliance would see both KPMG in India and Vianai Systems leveraging their respective expertise and resources together to provide this innovative Conversational Finance offering to enterprises looking to transform their finance function.
"Finance functions in enterprises today have an unparalleled need for accuracy, privacy, and security as well as relevance to the context of business. Leveraging the power of LLMs with internal data sources, transaction systems, documents, and other data, as well as public information, would allow enterprises to paint a transparent and accurate picture of their business, and industry. These LLMs can also help finance functions play a critical role in ensuring resilience towards a challenging risk and regulatory environment.
Moreover, while independent SaaS (ERP, CRM, HRMS) companies are geared to launch their own co-pilots, they will fall short in desired value creation, specifically when cross functional insights are required. Large generic models are not able to deliver this today, and we are excited for Vianai Systems and KPMG in India to finally unlock this value for the finance functions of enterprises today," said Sachin Arora, Partner and Head, KPMG Lighthouse (Analytics, AI and Data), KPMG in India.
"Delivering the power of AI into the hands of finance users is a foundational step toward making AI available to all business-critical functions. Finance departments and teams must have transparency in their work, and deliver transparency to the outside world – with speed. We are thrilled to be working closely with KPMG to make this a reality for every organization in every industry," said Dr. Sanjay Rajagopalan, Chief Design & Strategy Officer, Vianai Systems.
How hila Enterprise works: business-relevant generative AI, in context, for enterprise CFOs:
About KPMG in India
KPMG entities in India are professional services firm(s). These Indian member firms are affiliated with KPMG International Limited. KPMG was established in India in August 1993. Our professionals leverage the global network of firms, and are conversant with local laws, regulations, markets and competition. KPMG has offices across India in Ahmedabad, Bengaluru, Chandigarh, Chennai, Gurugram, Hyderabad, Jaipur, Kochi, Kolkata, Mumbai, Noida, Pune, Vadodara and Vijayawada.
KPMG entities in India offer services to national and international clients in India across sectors. We strive to provide rapid, performance-based, industry-focused and technology-enabled services, which reflect a shared knowledge of global and local industries and our experience of the Indian business environment.
About Vianai Systems, Inc.
Vianai Systems, Inc. is a human-centered AI (H+AI™) platform and products company focused on bringing trustworthy, responsible and transformative AI systems to enterprises worldwide. The company's hila™ Enterprise platform enables enterprises to safely and reliably deploy large language enterprise solutions, leveraging its Zero Hallucination™ technologies, veryLLM open-source code, breakthrough fine-tuning and optimization techniques as well as its LLM monitoring capabilities – to analyze, discover and explore data within systems of record, in natural language. The hila Enterprise platform helps enterprises minimize the risks of AI, while taking full advantage of the transformation potential of reliable AI systems. A showcase of the underlying capabilities of hila Enterprise can be accessed for free by anyone to ask any financial question about publicly traded companies at www.hila.ai. Follow @VianaiSystems on Vianai Twitter and Vianai LinkedIn.