RegFina application is trained to extract and create an actionable summary of the key contract points negotiated that refer directly to revenue savings or increased revenue options during the lifecycle of the contractual relationship.
Our technology can be integrated with corporate ERP (Enterprise Resource Planning) systems, making it easy to extract data points, customize and populate financial reports.
RegFina AI tools can leverage AI-powered document review and data extraction to help companies analyze their data to improve existing solutions and make better decisions. AI trend is to use its cognitive abilities to go through a many unstructured text and data to generate more insights.
In addition to traditional financial data collection, new data sources such as mobile banking and the Internet of Things (IoT) provide an additional layer of data gathering. Combined with Artificial Intelligence, data analytics utilize large amounts of old and new data to discover hidden patterns for better risk management and fraud detection.
Data collection improves the understanding of financial transactions. It helps companies perform fast and accurate financial audits, ensure compliance and mitigate risks connected to normative regulatory change, and reduce risks usually involved by manually detecting and extracting financial obligations.
We also plan to explore the application of biometrics in our application. The use of biometric typing, also known as keystroke dynamics, helps to protect eTransfers, accounting apps, and devices. Corporate financial specialists can secure their access to accounting systems simply by typing biometrics through the RegFina’ application program interface (API).
Biometric technologies use physically unique features of an individual, including fingerprints, face, voice, retina, and other forms of recognition to enhance security and identity verification. With more smart devices equipped with better sensors, corporations will be able to safeguard their own teams, prevent cyber crimes, and identify security issues better than ever to achieve greater transparency and consistency for internal and regulatory needs.