Accounting solutions provider Puzzle debuted AI Categorizer, which automatically categorizes 90% to 95% of a company’s transactions without the need for manual rules. For the transactions it doesn’t categorize automatically, such as those requiring additional documentation or verification, the program will contact the user via email or notification asking them to explain the transaction, and the user can respond in plain English, after which the AI will categorize it. Puzzle also announced the availability of Auto Accruals, which enables auto-reversing expense accruals based on a cash transaction, with no need for manual journal entry updates. … ECM platform KnowledgeLake announced the immediate availability of the KnowledgeLake StreamLine Solutions suite. At the center of the suite is KnowledgeLake’s Intuitive AI. The bot has the ability to automatically summarize, interpret and extract information from documents. It offers a human-like interface that allows users to ask questions about documents or give commands that the AI intuitively responds to without the need for training. It features an interface for enhancing the AI model with customer-specific information for greater document accuracy and to deploy custom workflows. The suite also includes a workflow engine, a customer experience portal that can loop customers into an organization’s business processes, and the ability to build and customize forms to collect customer data. … Business automation solutions provider Kognitos unveiled the latest updates to its generative AI automation platform. It includes two major feature announcements in its automation platform: Self Service for All and Human Language Interpreter 2.0. Kognitos Self-Service for All introduces self-service functionality for business process experts to start building automations. It comes with a generative AI-powered copilot for writing automations in natural-language English. Kognitos’ Human Language Interpreter takes human language business processes and understands them “as code.” The human language interpreter engages in conversation with the process experts to resolve any cases of ambiguity and avoid the risk of hallucinations and biases while keeping the language of automation natural. … BPM LLP, a Top 50 firm, has created a GPT-4-powered chatbot built by its in-house IT team. BPM’s proprietary technology is hosted internally by the firm in its private cloud infrastructure. In its first use case, the chatbot provides team members with real-time regulatory information to support their work on complex projects for clients. … Big Four firm EY has partnered with cybersecurity provider Dell Secureworks to launch Intelligent Extended Detection & Response (IXDR) solution. The solution harnesses AI, machine learning and threat intelligence research to cut response times to potential cyber threats. It offers businesses a unified view of their entire network, leverages AI and machine learning to detect malicious activity, and is optimized to cut down on false positives and only focus on genuine threats.
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