Thursday, June 20, 2024

Yseop Launches ALIX, an App for Instant AI Automation for Report Creation

Yseop, a pioneer in Natural Language Generation (NLG) and world-leading AI software company, today announced the launch of ALIX, an immediate discovery application to showcase how quickly and easily financial institutions can transform and grow their business through intelligent report automation using Yseop’s Augmented Financial Analyst solution.

Financial analysts spend 48% of their time writing and updating reports. This falls to 9% when using Yseop’s Augmented Financial Analyst, a significant Return on Investment (ROI).

Language Artificial Intelligence has made incredible progress in the last several years, with many Tier 1 financial institutions deploying the technology at scale to automate report writing. Despite this, it has been difficult for many business end-users to understand which reports can be automated without technology specialists’ help.

With ALIX, business end-users can determine in less than a minute what portion of their reports – such as annual financial statements, fund performance, or risk and compliance reports – can be automated. Based on Yseop’s pre-trained algorithm, ALIX provides an immediate analysis of the uploaded financial report and identifies what can be automated on the Augmented Financial Analyst platform.

Yseop’s powerful industry-leading patented platform encompasses Natural Generation Language, Natural Language Understanding (NLU), and Machine Learning capabilities to draw insight from structured data, translating them into clear and high-quality written reporting narratives.

ALIX will be publicly available on Yseop’s website from Tuesday, but you can have early access to the platform by clicking here.

Key benefits for automating financial reports include:

  • Empowering analysts: enable teams to focus on more valuable and strategic work, empowering them with more insights to drive better decision making.
  • Reducing cost: automatically generate data-driven reports, saving time and resources.
  • Improving accuracy: remove the risk of manual human errors in reporting, ensuring high-quality and accuracy as standard.
  • Increasing efficiency: streamline processes and produce high volumes of reports faster whilst maintaining consistency.

Emmanuel Walckenaer, CEO of Yseop, says: “We are excited to launch ALIX – a milestone in our delivery of end-to-end intelligent automation. Financial reporting remains an intense weight for big, global organizations but it comprises mostly repetitive tasks that can be easily automated. To boost AI adoption, it is critical to enable business users to see benefits and deploy it – without intensive, specialized tech support. ALIX proves intelligent report automation is within their reach – the first step to adopting solutions such as Augmented Financial Analyst.”

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