Digital finance solutions provider Emagia Corporation has launched a new artificial intelligence (AI) platform named Gia for the finance industry.
According to the Santa Clara, California-based firm, which refers to Gia as a “digital assistant,” the technology is suited for reporting functions as well as cognitive-based prediction analysis that can improve over time as the system continues to learn the user’s operations. Other abilities include aiding in tasks including procure-to-pay, record-to-report, treasury, tax, and audit, stated Emagia.
Among the top uses, the company suggests using Gia for information exchanges with systems such as SAP, Oracle, PeopleSoft, Teradata, and Solix. Shared services firms or sales teams may be able to put the robotic process automation (RPA) elements of the platform to use in automating repetitive tasks like invoice management, credit application processing, license validations, and monitoring account balances.
Emagia is aiming to sell the service to global finance executives, shared services teams, and finance operations teams, it said in a statement.
Veena Gundavelli, founder and CEO of Emagia Corporation, highlighted the AI system’s 24/7 nature and suggests that it can lead to cost savings and improved productivity as “a key partner to all finance operations.”