TPI Lab’s Post

SEBI just dropped new industry standards for BRSR Core reporting, and we're here to break it down for you. The new circular (SEBI/HO/CFD/CFD-PoD-1/P/CIR/2024/177) introduces standardized reporting frameworks developed by the Industry Standards Forum. This is huge for listed entities preparing for FY 2024-25! OnFinance AI's Compliance OS AI Agent is built to help you navigate these changes seamlessly. Contact us at [email protected] for a demo today!

We are excited to share how, by implementing AI-based Invoice Automation and Cash Allocation, Gallagher Group reduced operator time by 40%. This means they can accomplish more with the same number of staff. As a result, their people can focus on high-value tasks and leave the boring to the AI. Read or listen to the full story from Al van Seventer and Paul Moore: https://lnkd.in/gh5JyXa7

AI-driven contract review is transforming legal work—cutting manual efforts by up to 50% and freeing in-house teams to focus on higher-value tasks. Plexus is leading the way with our latest Contract Review feature: 🔍 Identify risks and missing clauses with AI ✅ Ensure contracts align with pre-approved benchmarks 🚦 Get actionable insights with a simple ‘traffic light' system Ready to take contract reviews from hours to minutes? See Contract Review in action 👉 https://lnkd.in/gcD2Wxea

Research suggests that almost 60% of a lawyers time is spent reviewing third-party contracts. To turbo-charge their impact they need a co-pilot that does a large chunk of that work for them...it's here now.

With worldwide AI spending expected to hit more than $600 billion by 2028 , financial services will account for more than 20% of all AI investments. For finance & insurance companies, this surge represents a massive opportunity to leverage AI-driven innovations like Augmented Fraud Analysis and AI-enabled Customer Service to boost efficiency, enhance customer experiences & drive business growth. Learn more: https://hubs.la/Q02PjGJJ0

Not too late to register for Controllers Council & Billtrust's A/R Transformation webinar on Thursday at 11am PDT! Registration below. What You Will Learn:  - How to simplify payments to improve CSAT and get cash in the door faster - Where AI and customizable workflows can help revamp collections - The benefits of automating credit applications - How to reduce delays in payments and strengthen relationships with your buyers through modern invoicing practices.

ACORD Solutions Group today announced that TransRe will expand its use of ADEPT, utilizing a new AI model trained around Oak Tree Proportional Treaty Statement Closing document formats. ADEPT’s AI models help enable the seamless extraction, translation, and orchestration of data into ACORD Global Reinsurance and Large Commercial (GRLC) messages from nondigitally enabled brokers and cedents. Through its expanded use of ADEPT's new AI model built around Oak Tree Proportional Treaty Statement Closing document formats, TransRe can facilitate further ACORD Standard communication with more of its broker and cedent trading partners. TransRe uses ADEPT to automatically convert certain non-standardized accounting and claim documents into validated ACORD GRLC messages, driving the efficient flow of data into TransRe’s proprietary reinsurance system, the TransRe International Reinsurance System (TIRS). If you're still manually rekeying accounting and claim documents, reach out for more info on improving your operational efficiency: https://lnkd.in/eESqZMFf

One of the ACORD Solutions Group ADEPT use cases the (Re)Insurer community have deeply valued from is our ability to turn 'Water into Wine'. What does that mean? Water = A Broker or Cedent Accounting or Claim document (Re)Insurers receive from non-ACORD standard enabled (Non-B2B) Brokers or Cedents via email. Wine = ADEPT's sophisticated AI extraction technology can turn these documents into an ACORD GRLC validated EBOT/ECOT standard transactions in either XML or JSON format, mitigating the need to rekey these documents into downstream Accounting/Claim systems. TransRe were early adopters of this now very mature ADEPT Use Case where we have 60+ Broker/Cedent formats modelled for the industry to use! Our partnership with TransRe has extended their use of ADEPT to include a new AI Model we have trained around the Proportional Treaty Statement Closing document formats Oak Tree produce. If you are a (Re)Insurer and are looking to automate your back office Accounting and Claim processes, please do reach out to hear how others have cracked this nut! A special thanks to George Di Martino, Jane Cook and team for the continued partnership. We couldn't do it without you.

With traditional approaches to tax and transfer pricing now outdated, businesses must stay ahead to adapt and succeed in today’s fast-changing landscape. Join @PwC UK and EXA in our joint webinar on Tuesday 1 October to hear more about: - The challenges of managing Operational Tax Pricing (OTP) in today’s complex business environment  - Current best practices in the world of OTP - Leveraging AI to enhance OTP practices Register now: #EXA #Operational Transfer Pricing #OTP https://lnkd.in/eUyQ5ZQh 

Super excited to announce that our AI-driven contract review is transforming the legal industry! 🚀 With Plexus, businesses can speed up negotiations, reduce risk, and free legal teams from tedious manual reviews. The future of legal work is here! Check it out below 👇 #LegalTech #AI #ContractManagement #Automation