New York, NY, May 4, 2018 – PwC today announced a joint business relationship with eBrevia, one of the leading enterprise contract analytics software companies, to accelerate the application of machine learning across a wide range of use cases that require quick and accurate abstraction of key terms from unstructured data.
“Integrating eBrevia with our solutions has been instrumental in our drive to innovate and deliver greater value to PwC’s clients. Our solutions were digitally-enabled and significantly benefited from the software’s machine learning capabilities, its ease of use, accuracy and speed,” said Alexandre Blanc, a PwC Principal. “This has differentiated us in the market, and we look forward to further incorporating eBrevia into PwC’s existing solutions and innovation strategies.”
Using eBrevia to meet tight deadlines, small teams can quickly review large quantities of documents in connection with GDPR, Brexit, lease accounting standards IFRS 16 and ASC 842, and revenue recognition standards IFRS 15 and ASC 606, as well as mergers, acquisitions, divestitures, financings, and real estate portfolio review.
“We are thrilled that clients have benefited from the combination of PwC’s deep domain expertise and eBrevia’s cutting-edge machine learning technology,” said Adam Nguyen, eBrevia’s Co-Founder & COO. “With eBrevia’s Bespoke self-training module, PwC has leveraged its extensive knowledge to train our system to extract granular custom data for many types of transactions and industries. Coupled with eBrevia’s out-of-the-box, pre-trained provisions and an intuitive user-interface, our collaboration has delivered significant gains in efficiency for clients.”
eBrevia extracts complex concepts from documents regardless of specific words used to express them or their location in a given document, and exports actionable data to a number of platforms. The software learns from domain experts who provide it examples without having to program clauses or key words.
According to Jacob Mundt, eBrevia’s Co-Founder & CTO, who has been working closely with a number of PwC teams: "Artificial intelligence is changing the game. Having worked with PwC to serve their clients, we are helping to address real market needs and building solutions that wouldn't have been possible a few years ago—with humans or machines. We’re excited to continue our work with PwC to train the next generation of AI and amplify PwC’s competitive advantages."
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