Auditoria.AI Adds Generative AI to Its Finance-Trained SmartBots

Auditoria.AI has added generative artificial intelligence (AI) to its SmartBots that are trained in finance language.

With the addition of GPT-3.5 Turbo and BLOOM, the SmartBots can automate finance workflows and engage with the user’s customers, suppliers, vendors and stakeholders through conversational email, Auditoria.AI said in a Tuesday (March 21) press release.

“The explosive surge of ChatGPT and generative AI across industries shows that automation is being readily accepted at both the home and the office,” Auditoria.AI Chief Commercial Officer and Co-founder Adina Simu said in the release. “While many organizations are just now incorporating GPT-3 into platforms and applications, Auditoria’s technology has leveraged large language models for years, ensuring that the models are properly trained in the specifics of corporate finance.”

As PYMNTS reported March 9, future-fit tools like generative AI-based engines are gaining momentum. Seeing the trend, the U.S. Chamber of Commerce said March 8 that “virtually every business” will one day use AI in some manner.

By engaging with systems of record, shared inboxes and stakeholders in corporate finance, Auditoria.AI’s SmartBots can boost speed and accuracy by automating finance workflows and can improve responsiveness to customers and vendors by engaging with stakeholders, according to the release.

For example, they can provide both external and internal stakeholders with remittance advice, payment status, invoice copies, credit memos and statements of accounts, the release said.

The SmartBots can also receive and process vendor bills, packing slips, remittance advice, tax forms and requests to update account records, per the release.

“Integrating advanced technology, such as generative AI and natural language technology, is necessary for businesses to stay one step ahead of the competition,” Simu said in the release. “Composite ML models that combine the best of breed [large language models (LLMs)] and other supervised trained models that are domain- or finance-specific are the true answer to enhanced productivity — providing the accuracy and precision that finance teams need.”

Advances in AI and automation technology have introduced a whole host of ways to help corporate finance teams recover hours lost to what have traditionally been manual tasks, Auditoria.AI CEO Rohit Gupta told PYMNTS in a September 2020 interview.

“Whilst we may never get to 100% zero touch, the expectation is that technology can move the needle significantly,” Gupta said at the time.