NetSuite customers can start asking questions to their financial data using natural language in less than three minutes with hila Conversational Finance.
Conversational Finance is a purpose-built application for financial professionals that enables natural language questions against millions of rows of data. For Conversational Finance users with NetSuite, our generative AI tool now accelerates the overall installation process, reducing one of the more burdensome components of getting generative AI up and running, and providing a solution that is readymade and can work inside of a company within a few hours, depending on the security requirements of the enterprise.
Conversational Finance eliminates an intermediary between the user, the data and the insights. Rather, it goes directly to the database and performs the extract, transform and load steps necessary for Conversational Finance. This also vastly reduces any manual processing of the day, reducing the time to value from several days to just a couple of hours.
This builds upon Conversational Finance’s key value proposition to get working generative AI stood up within an enterprise quickly. This Generative AI then provides real value, reducing the time it takes to build dashboards from 4.5 business days to less than 10 seconds.
By reducing the configuration time for the application, we also help lower the costs of extracting insights from the data. Today, it costs roughly $18,000 per dashboard, and the process of extracting data in a traditional process can take months.
NetSuite’s generative AI offerings focus on sharing information, such as drafting emails or summarizing financial reports. The actual data analysis is left to a traditional UI, which requires specialized training to use, and often significant customization to be effective. Conversational Finance uses multiple LLMs to pull the data on the fly, in response to each natural-language question. The charts, explanations and tables generated are also on the fly.
Conversational Finance also engages in the data integration process while maintaining an overall commitment to data security. Conversational Finance continues to sit within a customer’s private cloud or on premises.
Once the data is in the system, Conversational Finance then provides key attributes for any natural language question. In each instance, the responses come back: