US Firm Launches Digital Assistant for CFOs, Has ‘Cognitive and Conversational Capabilities’

A Siri, Alexa or Google Home for finance professionals? Emagia Corporation, a California-based provider of digital and data-driven finance solutions, says it has developed Gia, an artificial intelligence (AI) platform for finance executives, shared services teams, and finance operations teams.

The new product is described as having “cognitive and human-like smart conversational capabilities, along with continuously evolving job skills to perform specific tasks related to finance operations.”

According to Emagia, “Gia brings together the power of AI, advanced analytics and robotic process automation to finance operations to provide quick reporting, smart answers, do simple to complex predictions and perform skilled tasks — reducing operational costs, improving productivity and decision-making, and increasing process efficiency.”

The company says the AI platform can communicate both by chat and voice, and is equipped with specific skill sets to assist finance professionals in different roles:

CFOs & Finance Executives: Provides quick answers and smart predictions related to financial information. Can retrieve or send information from systems such as Emagia, SAP, Oracle, PeopleSoft, Teradata, Solix and others.

Finance Operations and Shared Services Staff: Provides quick information and performs repetitive tasks specific to each function. For example, assisting credit staff with business license validations, billing staff with invoices to customers, collections staff to send letters, and treasury staff to check for daily balances.  

Vendors, Suppliers, Customers, and Sales Teams: Provides conversational capabilities to assist customers, vendors, and internal operational teams to help with information and forms processing for credit applications, order forms, payments or receipts.

“Gia is a continuously learning machine, and can also be trained with new job skills to support many finance operations such as procure-to-pay, record-to-report, treasury, and tax and audit,” claims Emagia, which adds that the digital assistant will be available worldwide.

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