PwC India Launches New GenAI-Powered Tools For CFOs
This cutting-edge features are likely to transform how CFOs manage data, providing quicker processes and improved decision-making skills
PwC India, a leading professional services business, has launched a range of innovative products designed for chief financial officers (CFOs) that incorporate GenAI technology.
The GenAI-powered suite offers various advantages for CFOs:
Simplifying complicated financial procedures through effective data processing.
Responding to stakeholders more quickly ensures better communication.
Reduced process risks by accurately identifying and validating transactions.
This suite, which has already been used by 700 clients in 16 countries, addresses a wide range of financial demands, including operational finance, tax management, compliance, control effectiveness, and contract management.
Here’s a look at some significant offerings:
Integrated Accounts Payable Engine
A comprehensive solution for touchless and paperless invoice processing, including built-in tax compliance features. It incorporates AI-based invoice reading and processing capabilities, as well as a feature-rich supplier site.
Compliance Insights
This product is designed to centralise enterprise-wide compliances by keeping an updated compliance register and using GenAI to provide responses to complex compliance papers.
Anomaly Detection Platform: An award-winning technology that helps CFOs automate reconciliations and cash applications using unsupervised machine learning. It includes GenAI-powered algorithms for effective anomaly detection and translation into plain English.
Contract insights
This solution, which includes a digital contract lifecycle management platform, speeds transaction closure by integrating with CRM and ERP systems. GenAI assists with risk analysis.
Business Risk Analytics and information Platform
With over 800 algorithms, this platform offers complete ERP transaction monitoring, providing controllers and auditors with actionable information.
Navigate Tax Suite
This suite addresses the issues provided by tax compliances and regulations, providing solutions for GST, income tax, and transfer pricing. GenAI integration helps with rate identification, code validation, tax research, and litigation preparation.
