Scancell founder says the company is ready to commercialise novel medicines to counteract cancer. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksNLG.L Regulatory News (NLG)

  • There is currently no data for NLG

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Framework Agreement with Genpact

22 Dec 2015 07:00

RNS Number : 7902J
Arria NLG PLC
22 December 2015
 

22 December 2015

Arria NLG plc("Arria NLG" or the "Company")

Framework Agreement with Genpact

Arria NLG plc (AIM: NLG), a leader in the development and deployment of Natural Language Generation ("NLG") technologies, is pleased to announce a new framework agreement for configuration, deployment and licensing of multiple NLG applications with Genpact (NYSE: G). Genpact is the architect of the Lean DigitalSM enterprise and a global business process outsourcing and information technology services company with a market capitalisation in excess of $5bn.

Under the framework agreement, Arria NLG will supply its natural language generation and other artificial intelligence technologies to Genpact to provide real-time advanced data analysis and commentary while automating credit reporting and financial planning and analysis for Genpact's customers. These added technologies will allow customers in the banking and financial services industry, among others, to significantly enhance their operations by improving existing automation systems for numerous complex business reporting processes.

Through this framework agreement, Genpact and Arria NLG make financial reporting operations more intelligent, able to execute faster and more accurately, and to learn and adapt over time. Genpact's Lean DigitalSM approach enables large companies to re-architect their middle and back office operations to achieve measurable impact such as growth, cost efficiency, and business agility using advanced technologies from partners like Arria NLG. The new solutions are part of Genpact's Systems of Engagement™ portfolio, which embeds leading digital technologies within cloud-based offerings added on top of clients' existing systems to streamline and transform operations in an agile and flexible manner.

Historically, financial planning and analysis have been difficult to automate due to the complexity of data and source systems, as well as the inability to capture the applied expert judgement of an analyst through a computer. The majority of credit reporting and related processes depend on simple spreadsheets and basic technology, independent data sources, slow and manual processes, and rules-based analysis, supplemented by human interaction, all of which hinder enterprises' ability to make fast, accurate and insightful decisions and forecasts.

Genpact and Arria NLG will combine process improvement with artificial intelligence and automation tools to transform the speed of reporting while increasing the consistency and quality of data. For example, in credit reporting, the solutions automatically gather and collate data from multiple internal and external sources; synthesize relevant information hundreds of times faster than traditional manual processes; and immediately provide accurate and consistent commentary, analysis and forecasting.

Arria NLG joins Genpact's Lean Digital incubation program, a unique Silicon Valley-based partner ecosystem that combines the power of new disruptive technologies with Genpact's deep industry domain and hands-on process expertise, while leveraging the global reach of one of the largest real-world business processing environments.

Stuart Rogers, Chairman and Chief Executive Officer, Arria NLG, commented: "Through this relationship with Genpact, Arria NLG's platform reaches a far wider, global audience than can be achieved through our own direct sales process. Our investment in expanding our development and technical teams to support the projects coming from Genpact is a core part of our 2016 strategy, and we also look forward to partnering together in Genpact's Silicon Valley innovation lab."

 

Sanjay Srivastava, Senior Vice President and Chief Digital Officer, Genpact, said:

"The intelligent automation that Genpact and Arria NLG deliver also eliminates human bias and potential for errors. As a result of dramatically improved speed and efficiency, clients are more effective in responding to new market opportunities, complying with evolving regulatory requirements and competing effectively with new disruptors in their industries."

 

For further information, please visit www.arria.com or contact:

Arria NLG plc

Stuart Rogers

Chairman and Chief Executive

 

Tel +44 (0)20 7100 4540

Allenby Capital

Nominated Adviser & Joint Broker

Nick Naylor

Jeremy Porter

James Reeve

 

Tel: +44 (0)20 3328 5656

MSL Capital Markets - Lead Manager

Andrew McDouall

Justine Dunnett

Peter Lynds

 

Tel: +64 (0)4 472 2716

Westhouse Securities - Joint Broker

Antonio Bossi

Robert Finlay

Tel: +44 (0)20 7601 6100

IFC Advisory - Financial PR and IR

Tim Metcalfe

Graham Herring

Heather Armstrong

Tel: +44 (0)20 3053 8671

tim.metcalfe@investor-focus.co.uk

graham.herring@investor-focus.co.uk

heather.armstrong@investor-focus.co.uk

Ruder Finn - PR (USA)

Scott Beaver (West Coast)

Brianna Mulligan (East Coast)

 

Tel: +1 541-326-5847

Tel: +1 203-246-1304

 

Arria NLG

Arria NLG's core product is known as the Arria NLG Platform, a form of artificial intelligence software, specialised in extracting information from complex data sources and communicating that information in natural language (i.e. as if written by a human). The scientific foundation for the Arria NLG Platform is based on more than 30 years of research and development by the Data2Text Founders at the University of Aberdeen. For additional information, visit www.arria.com. Follow Arria NLG on Twitter, LinkedIn, Google+ and YouTube.

About Genpact

Genpact (NYSE: G) stands for "generating business impact." We architect the Lean DigitalSM enterprise through a unique approach based on our patented Smart Enterprise Processes (SEPSM) framework that reimagines our clients' middle and back offices to generate growth, cost efficiency, and business agility. Our hundreds of long-term clients include more than one-fourth of the Fortune Global 500. We have grown to over 70,000 people in 25 countries, with key management and a corporate office in New York City. We believe we are able to generate impact quickly and power Intelligent OperationsSM for our clients because of our business domain expertise and experience running complex operations, driving our unbiased focus on what works and making technology-enabled transformation sustainable. Behind our passion for technology, process, and operational excellence is the heritage of a former General Electric division that has served GE businesses since 1998. For additional information, visit www.genpact.com. Follow Genpact on Twitter, Facebook, LinkedIn, and YouTube.

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
CNTQFLFLELFLFBX
Date   Source Headline
12th Nov 20155:24 pmRNSHolding(s) in Company
6th Nov 20154:12 pmRNSResult of GM, funding update & total voting rights
30th Oct 20155:54 pmRNSTotal Voting Rights
20th Oct 20154:26 pmRNSPosting of Circular and Notice of General Meeting
20th Oct 201510:00 amRNSHolding(s) in Company
15th Oct 20157:00 amRNSSubscription agreement with Lanstead Capital
29th Sep 20157:00 amRNSGrant of Additional US Patent
14th Sep 201512:13 pmRNSBoard Appointment
2nd Sep 20151:47 pmRNSCapital Funding Update
21st Aug 20157:00 amRNSNew Agreement with a Consumer Goods Company
19th Aug 20158:56 amRNSFunding Update
4th Aug 201510:01 amRNSGrant of US patent
4th Aug 201510:00 amRNSFunding update
30th Jun 20154:15 pmRNSCorrection: £3.75 Million Raised
30th Jun 20154:15 pmRNSCorrection: Interim Results
30th Jun 20157:00 amRNSInterim Results
29th Jun 20157:32 amRNS£3.75 Million Raised
24th Jun 20157:00 amRNSFunding update
18th Jun 20157:00 amRNSNew Agreement with Major Online Travel Company
4th Jun 20154:40 pmRNSSecond Price Monitoring Extn
4th Jun 20154:35 pmRNSPrice Monitoring Extension
3rd Jun 20157:00 amRNSUpdate Regarding Further Funding
13th May 20154:40 pmRNSSecond Price Monitoring Extn
13th May 20154:35 pmRNSPrice Monitoring Extension
13th May 20157:00 amRNSProof of Concept Pilot Agreement
12th May 20154:40 pmRNSSecond Price Monitoring Extn
12th May 20154:35 pmRNSPrice Monitoring Extension
11th May 20157:00 amRNSLicensing Agreement with MeteoGroup UK
5th May 20157:02 amRNSExhibit at World of Watson
30th Apr 20157:00 amRNSRe Contract and Trading Update
8th Apr 20157:00 amRNSUK Met Office Contract Extension
23rd Mar 20157:00 amRNSFramework Licensing Agreement
3rd Mar 20157:00 amRNSBG Group. Heads of Agreement
2nd Mar 20157:00 amRNSFive Year Licensing Agreement with FarmLink, LLC.
27th Feb 201512:30 pmRNSTotal Voting Rights
4th Feb 20157:00 amRNSSubscription to raise £408,270
27th Jan 20152:32 pmRNSResult of AGM
27th Jan 20152:05 pmRNSAGM Statement
26th Jan 20157:00 amRNSIBM Watson Partnership Agreement
15th Jan 20157:00 amRNSNew Agreement with Major Insurance Company
17th Dec 20147:00 amRNSNew Oil & Gas Client
12th Dec 20147:00 amRNSFinal Results
14th Oct 20147:00 amRNSAgreement with Leading Aviation Systems Provider
13th Oct 20147:00 amRNSContract signed with FarmLink, Inc.
1st Oct 20147:00 amRNSConvertible loan notes to raise circa US$5.0m
9th Sep 20147:00 amRNSAIM Awards 2014 Nomination - Best Technology
12th Aug 20147:00 amRNSProject with Global Financial Services Company
25th Jun 20147:00 amRNSJohn Bell strengthens growing Sales Force
24th Jun 20147:00 amRNSAwarded two US Patents
23rd Jun 20143:10 pmRNSPosting of interim accounts

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.