AI-led finance transformation brings efficiency, simplification, and drives valued outcomes
Mired in the day-to-day challenge of automating manual processes, many CFOs focus on short-term goals and have little time to develop long-term strategies to leverage AI for business outcomes and value delivery.
Wipro’s Cognitive Finance solution infuses AI into the finance value stream to optimize business operations, drive intelligent business enablement, and strengthen control and compliance. This infusion allows CFOs to operationalize intelligence and, ultimately, enable their finance transformation efficiently and simply.
Empowering businesses to manage finance and accounting operations for improved productivity, faster turnaround times and cost savings, Cognitive Finance presents better information access and customer interaction through a comprehensive portfolio of cognitive-led intelligent financial services.
Working across the finance and accounting value chain, Cognitive Finance’s range of solutions allows enterprises to gain a competitive edge through:
- Revenue Prediction
Accurately predict future financials with a deep neural net using historical data
- Contract Intelligence
Flagging discrepancies in contracts after extracting important information.
- Onboarding Supplier/Customer
Quick tracking of issues identified with existing suppliers and during supplier onboarding
- Anomaly Detection
Evaluating historical data, identifying process gaps, and proactively detecting anomalies like duplicate and fraudulent invoices, late payments, and high-risk transactions.
- Market Intelligence
Providing the latest information about market trends, industry news, business models, and mergers and acquisitions.
- Conversational AI helpdesk
Automated resolution of vendor/supplier queries using virtual conversational agent.