NEW YORK, Sept. 2, 2016 /PRNewswire/ -- Arria NLG (LSE: NLG) the technology leader in Natural Language Generation ("NLG"), is pleased to announce the public beta launch of Recount, a Software as a Service ("SaaS") business reporting tool designed to work with large online accounting systems such as Xero, Quickbooks and Sage, providing customers with instant financial insights, expressed in plain language.
Recount is an Artificial Intelligence (AI) solution developed by Arria NLG for use by small and medium-sized businesses, to provide them with access to full-time skills common to financial analysts, spotting trends, identifying problems, and forecasting what's likely to happen next. Using Arria NLG's patented technology, the Company has created a SaaS-based solution which provides reports with relevant details, in just seconds.
The Public Beta will include a free Health Check Report which demonstrates:
Detailed Sales Report
Detailed Cash Report
Detailed Expenses Report
Detailed Receivables Report
Simple Sales Forecast
Recount has been integrated into Xero's offerings for release in Australia and New Zealand, and will be available for Xero and Quickbooks in the USA by December of this year, with more integration partners to come. Recount provides users with natural language narrative, interactive charts, detailed reports on sales, cash position, expenses and simple sales forecasts; all able to be exported to Microsoft Word, and available for as little as $35 per month.
Our vision is to give all businesses a virtual financial coach or analyst – a real time consultant spotting trends, calling out problems, and forecasting what's likely to happen next. Using Arria NLG's Artificial Intelligence technology, we can create insightful reports with relevant details, in plain language – in seconds. Imagine having A.I. Financial Analytics at hand to tell you exactly what's going on, and explain opportunities to improve your business – whenever you want. That's what Recount provides.
Sharon Daniels, Chairman and Interim CEO of Arria NLG plc, commented:
"Recount literally tells you what is happening in your business. It is exciting to be at the start of this growth journey with Artificial Intelligence for small and medium-sized businesses. Quickbooks' SaaS service alone has over 1.5 million users worldwide, with Xero at 700,000 and growing fast. We believe that both Quickbooks and Xero users will see Recount as a way to turbocharge their existing process.
"This is a key milestone in our journey to expand our product offerings and develop ongoing recurring revenue models for our patented NLG technology."
Arria NLG's core product is known as the Arria NLG Platform, a form of artificial intelligence software specialized 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 founders of Arria Data2Text Limited at the University of Aberdeen. For additional information, visit www.arria.com. Follow Arria NLG on Twitter, LinkedIn, Google+ and YouTube.