PwC India unveils a suite of GenAI-enabled products for CFOs

Apart from this, PwC’s GenAI-enabled suite offers the CFO bureau a big of different benefits:

- simplifying judgement-intensive concern activities by processing immense amounts of information

- accelerating effect times to stakeholders

- mitigating process risks done precise transaction recognition and validation

PwC’s CFO Suite has been adopted by 700 clients successful implicit 16 countries, and it addresses a wide scope of priorities for the concern function. These see operational concern and taxation management, hazard mitigation done compliance management, controls effectiveness and declaration management.

PwC’s Integrated Accounts Payable Engine: This is simply a implicit solution to thrust touchless, paperless invoice processing with in-built taxation compliance astatine the transaction level. It has an AI-based invoice speechmaking solution and workflow to grip invoices (purchase bid (PO) and non-PO based) and a supplier portal with 50+ different features. This GenAI-enabled instrumentality tin beryllium utilized to grip vendor queries arsenic good arsenic onboarding and matching processes.

PwC’s Compliance Insights: Currently successful its 3rd procreation and with 250 clients crossed 16 countries, this merchandise enables clients to centralise enterprise-wide compliances. It maintains a curated compliance registry that reflects the latest regularisation changes. Equipped with GenAI-enabled effect procreation technology, it helps successful knowing and managing analyzable compliance documents.

PwC’s Anomaly Detection Platform: It is an award-winning reconciliation and anomaly detection merchandise that helps CFOs automate time-consuming reconciliations. The level assumes the maker’s relation successful reconciliations by leveraging its native, unsupervised instrumentality learning capabilities. It level tin besides beryllium utilized for analyzable currency applications. Ten modular GenAI-based algorithms powered with other layers of ample connection models (LLMs) assistance successful anomaly detection and translation into earthy connection for stakeholders’ easiness of understanding.

PwC’s Contract Insights: A declaration lifecycle absorption (CLM) level with a centralised contracts repository, the solution wholly digitises the process from declaration authoring to signing, frankincense reducing the clip taken for woody closure. It has the quality to integrate with and afloat link lawsuit narration absorption (CRM) systems astatine the upstream level and endeavor assets readying (ERP) systems astatine the downstream level. Its GenAI constituent helps successful conducting hazard investigation for ample analyzable contracts and tin besides place imaginable exposures to caller risks.

PwC’s Business Risk Analytics and Insights Platform: Controls monitoring is typically siloed, manual and reactive. With implicit 800 algorithms, PwC’s Business Risk Analytics and Insights Platform helps successful monitoring ERP transaction/masters and gives controllers and interior auditors a afloat presumption of the actions they request to take.

PwC’s Navigate Tax Suite: Tax compliances (GST, income tax, transportation pricing) and regulations on with faceless assessments person made exertion adoption an imperative. Loss of recognition and precocious transaction volumes are besides large drivers of change. PwC’s taxation suite (12+ solutions) helps clients code the challenges arising from specified technological and regulatory developments. The integration of GenAI helps successful complaint identification, codification validation, taxation probe and litigation preparation.

Benefits of PwC India’s suite for the CFO office

While determination is ever-increasing unit connected CFOs to pivot towards worth creation, absorption of day-to-day operations and priorities tin extremity up taking up overmuch of their time. By helping to automate validation and recognition of risks, GenAI tin boost productivity and quality.

Disclaimer: Content provided by PwC for marque concern with Livemint.com. Opinions expressed are those of PwC and not needfully of Livemint.com.

Amazon Summer Sale is here! Splurge and prevention now! Click Here!

Published: 06 May 2024, 03:41 PM IST