How qBotica Took The Pain Out of Pricing using GenAI and Automation for a Large Financial Services Company
Pricing for a Large Financial Services Company
Client Overview
It traces its humble origins in the 19th century as a check print manufacturer, and has since developed into a highly-trustworthy pay and data giant. Today the company’s solutions enable millions of small businesses, thousands of financial institutions, and hundreds of the world’s leading brands to connect with customers and their money.
Key Benefits and Results
900+
Complex legal documents analyzed
99%
Increase in time to value
800+
Hours saved on a single pricing use case
Challenge
- Making pricing adjustments was not so easy and contractual commitments were not managed easily.
- The critical data was integrated in more than 900 complicated legal output such as master possession agreements, amendments, addendums and statements of work.
- Manual extraction and analysis operations lacked consistency, reliability, and they involved a lot of labor and disrupted the normal course of work.
Solution
- The Financial Services company collaborated with qBotica, a Platinum Certified UiPath Partner to utilize the advanced Artificial Intelligence features of UiPath.
- Put in place UiPath Document Understanding to extract, interpret and process the data in PDFs, images, handwriting and scans.
- Supports the use of generative AI to quickly find the necessary information in the form of prompting, with no need to prior train models.
- Designed and implemented a proof of concept (PoC) to show how the fast, accurate extraction of data could be achieved and it could be scaled to a full production environment.