Tech News: Ignition introduces instant billing, aims to monetize scope creep – Nokturnal

Accounting solutions provider Puzzle announced the launch of AI Categorizer, which auto-categorizes 90-95% of a company’s transactions without the need for manual rules. The ones it doesn’t are those identified as requiring additional documentation or verification–the program will contact the user via email or notification asking them to explain the transaction, and the user can respond in plain English, after which the AI will properly categorize it. Puzzle also announced the availability of Auto Accruals, which enables auto-reversing expense accruals based on a cash transaction, with no need for manual journal entry updates. … ECM platform KnowledgeLake announced the immediate availability of the KnowledgeLake StreamLine Solutions suite. At the center of the suite is KnowledgeLake’s Intuitive AI. The bot has the ability to automatically summarize, interpret and extract information from any document within seconds. In addition, it offers a human-like interface that allows users to ask questions about documents or give commands that the AI intuitively responds to without the need for training. It also features an easy-to-use interface for enhancing the AI model with customer-specific information for even greater document accuracy and to deploy custom workflows. The suite also includes a built-from-the-ground-up workflow engine, a customer experience portal that can loop customers into an organization’s business processes, and the ability to instantly build and customize forms to collect customer data. … Business automation solutions provider Kognitos unveiled the latest updates to its generative AI automation platform. This includes two major feature announcements in its automation platform: Self Service for All and Human Language Interpreter 2.0. Kognitos Self-Service for All introduces self-service functionality for business process experts to start building automations without prior automation training. It comes with an industry-first generative AI-powered copilot for writing automations in natural language (English). Kognitos’ Human Language Interpreter takes human language business processes and understands them “as code.”The human language interpreter engages in conversation with the process experts for any cases of ambiguity and any risk of hallucinations and biases while keeping the language of automation natural. … BPM LLP, a top 50 firm, has created a GPT-4-powered chatbot built by its in-house IT team. While out-of-the-box bots may expose information to the public, BPM’s proprietary technology is hosted internally by the Firm in its private cloud infrastructure. In its first use case, the chatbot provides team members with real-time regulatory information supporting their work on more complex projects for clients. The firm has identified multiple other internal use cases, including opportunities to better enable cross-team collaboration and boost operational enhancements. The announcement comes as BPM prepares for its next five-year strategic plan with a priority focused on innovation – reaffirming its commitment to building an agile, collaborative, globally-connected organization. … Big Four firm E&Y announced it has partnered with cybersecurity leader Dell Secureworks to launch their Intelligent Extended Detection & Response (IXDR) solution. The solution harnesses the combined power of AI, machine learning, and top-tier threat intelligence research to cut response times to potential cyber threats down to minutes. It offers businesses a single-pane-of-glass view of their entire network, leverages AI and machine learning to proactively detect malicious activity, and is optimized to cut down on false positives, only focusing on genuine threats. …