New Delhi: KPMG in India and Vianai Systems, a Human-Centered AI (H+AI) platform and products company, have announced a partnership to bring dependable conversational AI directly to finance users through Vianai’s hila Enterprise.
The reason behind this partnership is that AI and advanced language models have struggled to meet the high accuracy and reliability standards needed in finance. Errors and misunderstandings in these models are too risky for finance, so many finance teams still rely on traditional methods like IT, experts, and tools.
Designed for people in finance, the Conversational Finance tool will let them ask questions in plain language about their financial records, company documents, public information, and more. The goal is to get quick answers in different forms like text, dashboards, and charts.
Given the historical challenges faced in the adoption of Artificial Intelligence (AI) and Large Language Models (LLMs) in the enterprise sector, particularly for finance roles requiring a high degree of accuracy and reliability, the joint initiative seeks to address these issues.
LLM hallucinations and inaccuracies have been deemed too risky for business-critical finance functions to embrace AI fully. Consequently, finance teams have continued to rely on Information Technology (IT), analysts, visualisation tools, experts, and other traditional resources to find answers to their queries.
Sachin Arora, Partner and Head of KPMG Lighthouse (Analytics, AI, and Data) at KPMG in India, emphasised that finance departments in businesses need to be really accurate, private, and secure, while also being relevant to the business context. He said, “Leveraging the power of LLMs with internal data sources, transaction systems, documents, and other data, as well as public information, would allow enterprises to paint a transparent and accurate picture of their business, and industry.”
He added by saying that these LLMs can also help finance teams deal with risks and regulations better. “Moreover, while independent SaaS (ERP, CRM, HRMS) companies are geared to launch their own co-pilots, they will fall short in desired value creation, specifically when cross functional insights are required. Large generic models are not able to deliver this today, and we are excited for Vianai Systems and KPMG in India to finally unlock this value for the finance functions of enterprises today,” he added.
Dr. Sanjay Rajagopalan, Chief Design & Strategy Officer at Vianai Systems, stated, “Delivering the power of AI into the hands of finance users is a foundational step toward making AI available to all business-critical functions. Finance departments and teams must have transparency in their work, and deliver transparency to the outside world – with speed. We are thrilled to be working closely with KPMG to make this a reality for every organisation in every industry”
