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

livemint.com:

PwC’s Integrated Accounts Payable Engine: This is a complete solution to drive touchless, paperless invoice processing with in-built tax compliance at the transaction level. It has an AI-based invoice reading solution and workflow to handle invoices (purchase order (PO) and non-PO based) and a supplier portal with 50+ other features. This GenAI-enabled tool can be used to handle vendor queries as well as onboarding and matching processes.

PwC’s Compliance Insights: Currently in its third generation and with 250 clients across 16 countries, this product enables clients to centralise enterprise-wide compliances. It maintains a curated compliance register that reflects the latest regulation changes. Equipped with GenAI-enabled response generation technology, it helps in understanding and managing complex compliance documents.

PwC’s Anomaly Detection Platform: It is an award-winning reconciliation and anomaly detection product that helps CFOs automate time-consuming reconciliations. The platform assumes the maker’s role in reconciliations by leveraging its native, unsupervised machine learning capabilities. It platform can also be used for complex cash applications.

Ten modular GenAI-based algorithms powered with extra layers of large language models (LLMs) help in anomaly detection and translation into natural language for stakeholders’ ease of understanding. PwC’s Contract Insights: A contract lifecycle management (CLM) platform with a centralised contracts repository, the solution completely digitises the process from contract authoring to signing, thus reducing the time taken for deal closure. It has the ability to integrate with and fully connect customer relationship management (CRM) systems at the upstream level and