Yseop Launches New Codeless AI Platform for Business Users to Unlock the Full Potential of Intelligent Reporting Automation
- Artificial Intelligence , RegTech
- 01.12.2020 02:26 pm
Yseop, a pioneer in Natural Language Generation (NLG) and world-leading AI software company, today announced the launch of its new Augmented Financial Analyst (AFA) platform to help financial institutions boost reporting speed and quality through automation.
Yseop’s experience has shown that AI's full potential can only be harnessed when put directly in the hands of business users, such as analysts, CFOs or COOs. AFA is a truly business user-centric intelligence report automation tool, which represents a significant step in the democratization of AI.
The platform empowers business users to automate data analysis and text reports generation from any structured data and any sources. With Yseop's revolutionary and patented “intentions” model that mimics financial analysts' thinking, business users with no coding skills can accurately produce complex financial reports faster. AFA integrates data exploration and alerts to highlight key variations and values, allowing business users to quickly identify and examine specific events while providing valuable contextual elements. The cutting-edge Feedback Loop, Yseop's built-in machine learning technology, identifies users' natural writing style and syntax preferences to achieve perfect storytelling and narration.
As explained in Gartner Research on Hype Cycle for Analytics and Business Intelligence 2020, leaders should consider innovative technologies such as NLG as “it supports a number of productivity-enhancing use cases that reduce the need for writers (such as of financial reports, sports analysis or product recommendations) outside analytics”. “Moreover, it will reduce the time and cost involved in creating regular operational and regulatory batch reports.”*
“We are very proud to launch our turnkey solution Augmented Financial Analyst. It is our conviction that putting business users at the heart of our powerful and intelligent report automation solution will unlock finance departments’ productivity.” said Emmanuel Walckenaer, CEO of Yseop. “Feedback from initial users is very enthusiastic. Early adopters are so thrilled to see the immediate benefits that they are already working on incorporating multiple additional reports automation use cases, beyond what they originally envisioned.” he added.
*Gartner, “Hype Cycle for Analytics and Business Intelligence, 2020, Austin Kronz, Jim Hare, Peter Krensky, 05 August 2020.