Toronto, Ontario–(Newsfile Corp. – December 17, 2024) – NowVertical Group Inc. (TSXV: NOW) (“NowVertical“or the”Business“), leader in AI-based data solutions, announces the release of its new Artificial Intelligence (“AI“) Financial Agent as part of the latest update to its NowHub-Finance solution, an end-to-end analytics platform designed for finance teams. This major AI-driven feature upgrade strengthens NowVertical’s commitment to quickly transforming data into business value The proprietary NowHub platform, which already has half a dozen clients in the pharmaceutical, retail and hospitality sectors across the UK and Middle East. , is even more relevant for customers by leveraging the latest AI technologies.
NowHub is NowVertical’s proprietary analytics platform, purpose-built to ingest data and deliver actionable insights. With NowHub-Finance, financial services seamlessly connect to over 300 data sources, transforming and consolidating data for instant, automated financial reporting. The platform supports a wide range of applications, from standard financial reporting to advanced budgeting, forecasting and what-if scenario analysis.
AI financial agent: chat with your financial data
The new AI Financial Agent integrated into the platform transforms the way financial professionals interact with their data. Leveraging the secure and robust capabilities of Microsoft Azure OpenAI, this intelligent assistant allows users to interact directly with their financial data through natural language conversations. The AI Financial Agent provides customers with a level of flexibility and insight that simplifies the analysis of complex data and enables smarter, faster decision-making. For example, a financial professional can now simply query the agent to ask what cash flow savings could be realized in a given period if the client had made certain trips and expenses (“Travel expenses“), this action can be replicated for a number of potential travel and business travel policy options, allowing executives to develop more effective policies that would maximize cash flow savings but minimize business disruption. the activity.
“The addition of our AI financial agent takes NowHub-Finance to a new level of usefulness and intelligence for finance teams, improving the value of the solution for our customers and becoming an indispensable part of their decision-making processes,” said Mostafa Hashem, Executive Vice President of Product and Technology. “By integrating conversational AI with financial analytics, we enable finance teams to unlock the full potential of their data, enabling them to transform their financial data into business value, quickly using AI. »
Availability
The AI Financial Agent is available immediately as part of the latest NowVertical platform update, NowHub-Finance, at no additional cost. Existing users can access this feature to start benefiting from interactive AI-driven financial analysis, and new customers are invited to discover how NowHub-Finance is shaping the future of financial data automation.
The company is a global data and analytics company that helps clients quickly transform data into tangible business value through AI. By offering a comprehensive suite of solutions and services, the company enables its customers to quickly unlock the full potential of their data, generating measurable results and accelerating potential ROI. Businesses optimize decision-making, improve operational efficiencies, and unlock long-term value from their data with the company’s first-party and third-party AI-powered technologies. NowVertical is growing organically and through strategic acquisitions. For more details about NowVertical, please visit www.nowvertical.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Nikhil Thadani, Investor Relations and Communications nik@sophiccapital.com t: (289) 667-1977
Caution Regarding Forward-Looking Statements
This press release contains forward-looking information and forward-looking information within the meaning of applicable Canadian securities laws (together “forward-looking statements“), including, without limitation: expectations regarding the usefulness of the NowHub platform, the use of the AI financial agent and the associated results on the business, finances and operations of NowVertical. The statements Forward-looking statements are necessarily based on a number of estimates and assumptions which, although considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties, and contingencies generally can be identified by use forward-looking words such as “may”, “should”, “will”, “could”, “intend”, “estimate”, “plan”, “anticipate”, “expect”, “believe” or “continue”, or the negative thereof or similar variations involve known and unknown risks, uncertainties and other factors which may cause future results, performance or achievements to be materially different from any future results, performance or achievements estimated futures expressed or implied by forward-looking statements and forward-looking statements do not do not constitute guarantees of future performance. Forward-looking statements are subject in their entirety to inherent risks and uncertainties, including: adverse market conditions; the risks inherent in the data analytics and artificial intelligence sectors generally; regulatory and legislative changes; that future results may differ from historical results; inability to obtain required future financing on appropriate terms; any inability to realize the expected benefits and synergies of acquisitions or dispositions; that competition in the market may affect the activities, results and financial situation of the Company as well as other risk factors identified in the documents filed by the Company under its profile at www.sedarplus.caincluding the Company’s MD&A for the year ended December 31, 2023. Additionally, these forward-looking statements are made as of the date of this press release and, except as expressly required by applicable law, the Company does not undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
